via Cointelegraph · By Cointelegraph Staff
Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses
BTC/USDT
$4,489,877,102.36
$64,599.95 / $63,810.00
Change: $789.95 (1.24%)
-0.0001%
Shorts pay
BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000.
BlackRock’s iShares Bitcoin Trust (IBIT) saw $527.8 million in net outflows on Wednesday, helping push total withdrawals from US spot Bitcoin ETFs to $733.4 million for the…
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