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BlackRock Inc. (NYSE:BLK) is seeing persistent withdrawals from its iShares Bitcoin Trust (NASDAQ:IBIT) as investors pulled more than $2.7 billion over five consecutive weeks.
IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.
Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.
The steady pullback follows Bitcoin's (CRYPTO: BTC) deeper co
BlackRock Inc. (NYSE:BLK) is seeing persistent withdrawals from its iShares Bitcoin Trust (NASDAQ:IBIT) as investors pulled more than $2.7 billion over five consecutive weeks.
IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.
Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.
The steady pullback follows Bitcoin's (CRYPTO: BTC) deeper co
15 days ago
