BlackRock Bitcoin ETF Faces $2.7 Billion Outflow as Crypto Sentiment Cools
BlackRock’s iShares Bitcoin Trust, one of the largest ETFs giving investors exposure to Bitcoin, has seen record withdrawals, signaling waning institutional interest even as cryptocurrency prices stabilize.
Over the five weeks ending November 28, investors pulled more than $2.7 billion from the fund, with an additional $113 million