Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses
Cointelegraph
BlackRock's IBIT ETF faced $527.8 million in outflows as U.S. Bitcoin ETFs experienced an eight-day redemption streak amid a price decline below $75,000.Summary
BlackRock's iShares Bitcoin Trust (IBIT) recently recorded its second-largest daily outflow of $527.8 million, contributing to a broader trend where U.S. spot Bitcoin ETFs have seen eight consecutive days of net redemptions. This selling pressure coincides with Bitcoin's price dipping below $75,000, causing year-to-date flows for these ETFs to flip into negative territory. Analysts suggest that the shift in institutional sentiment may be linked to concerns regarding future Bitcoin demand from major corporate holders like Strategy, whose commitment to long-term accumulation has recently faced public scrutiny.
(Source：Cointelegraph)