By Manya Saini and Niket Nishant
(Reuters) -Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.
Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.
IBIT, the largest spot bitcoin ETF, has attracted strong investor demand since its launch in January 2024 and has been central to the crypto ETF boom.
The fund outflows highlight the severity of the selloff in bitcoin, which has correcte
(Reuters) -Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.
Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.
IBIT, the largest spot bitcoin ETF, has attracted strong investor demand since its launch in January 2024 and has been central to the crypto ETF boom.
The fund outflows highlight the severity of the selloff in bitcoin, which has correcte
1 month ago
