BlackRock’s Bitcoin ETF Sees Largest Outflow Since August
Bitcoin and Ethereum ETFs faced notable withdrawals today, with BlackRock leading losses in both, underscoring persistent sell pressure in institutional crypto products.
BTC
ETH
Summary
Ten U.S. Bitcoin ETFs recorded a total net outflow of 1,987 BTC, with BlackRock shedding 1,362 BTC to hold 801,449 BTC. Nine Ethereum ETFs saw combined outflows of 21,022 ETH, with BlackRock’s holdings decreasing by 9,980 ETH to 3,992,745 ETH. These figures highlight sustained selling activity in major crypto ETF markets.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, offering investors exposure without directly holding the cryptocurrency.
- Ethereum ETF: An exchange-traded fund that tracks the price of Ethereum, providing investors indirect access to ETH price movements without direct ownership.