BlackRock Bitcoin ETF Faces First Outflow Day
Quick Overview Record Outflow: On May 1, 2024, BlackRock’s iShares Bitcoin Trust (IBTC) saw a $36.9 million outflow, its first-ever. ETF Exodus: 10 Bitcoin ETFs lost a combined $526.8 million, marking the largest U.S. spot Bitcoin ETF outflow event since January 2024. Bitcoin Price Drop: Bitcoin’s value fell by 10.7% over the past week, landing …