BlackRock Bitcoin ETF sheds $2.7 billion in longest outflow streak on record
NegativeCryptocurrency

- BlackRock's Bitcoin ETF has experienced a staggering outflow of $2.7 billion, marking the longest streak of withdrawals on record. This trend raises concerns about the future of Bitcoin as it struggles to regain its bullish momentum amidst ongoing market volatility.
- The significant outflows from BlackRock's ETF could indicate waning investor confidence in Bitcoin, which may impact the firm's reputation and financial performance, particularly as it has been a major player in the cryptocurrency space with substantial assets under management.
- This situation reflects broader market anxieties, as Bitcoin's price has recently dropped to $91,000, exacerbated by aggressive deleveraging in derivatives and a peak in unrealized losses among traders. The contrasting performance of BlackRock's ETF options, which have seen high trading volumes, suggests a complex investor sentiment towards cryptocurrencies.
— via World Pulse Now AI Editorial System







