BlackRock’s Bitcoin ETF sees first outflow day as US ETFs notch record bleed
BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.
The United States’ spot Bitcoin (BTC) exchange-traded funds (ETF) have posted record net outflows with BlackRock’s iShares Bitcoin Trust (IBIT) also seeing its first-ever outflow day.
BlackRock’s Bitcoin fund saw $36.9 million flow out on May 1, according to Farside Investors.
Nine other Bitcoin ETFs saw a combined $526.8 million in outflows — the Hashdex Bitcoin ETF (DEFI) was the only one with zero flows, per preliminary Farside Investors data.
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