Spot Bitcoin ETFs See Fourth Straight Day of Outflows, Led by BlackRock’s IBIT

BitcoinWorld Spot Bitcoin ETFs See Fourth Straight Day of Outflows, Led by BlackRock’s IBIT U.S.

spot Bitcoin exchange-traded funds (ETFs) recorded approximately $49.7 million in net outflows on July 28, extending a streak of negative flows to four consecutive trading days, according to data from Farside Investors.

BlackRock’s IBIT Leads Outflows, Grayscale Mini BTC Bucks Trend The latest round of withdrawals was driven primarily by BlackRock’s iShares Bitcoin Trust (IBIT), which saw net outflows of $54.8 million on the day.

This marks one of the larger single-day redemptions for the fund, which has generally seen strong inflows since its launch earlier this year.