via Cointelegraph · By Cointelegraph Staff
Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses
BTC/USDT
$16,089,441,643.86
$65,622.83 / $63,804.59
Change: $1,818.24 (2.85%)
+0.0004%
Longs 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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