BlackRock IBIT Sees Record Outflow of $331.72 Million Yesterday, Highest Since Launch

Doohyun Hwang

Summary

BlackRock's IBIT recorded an outflow of $331.72 million, the largest since its launch.
A total of 3,412 Bitcoins were withdrawn.
The price of Bitcoin has risen over the past three days, currently reaching $97,000.

BlackRock's Bitcoin (BTC) spot ETF 'IBIT' recorded its largest outflow since its launch in January.

According to data from Trader T on the 2nd (local time), IBIT experienced an outflow of $331.72 million on this day. In terms of Bitcoin, this equates to 3,412 BTC being withdrawn.

However, the price of Bitcoin has been on an upward trend over the past three days. Currently, Bitcoin is trading at $97,000 on the Binance Tether (USDT) market, up 2.15% from the previous day.

BTC

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

BlackRock IBIT Sees Record Outflow of $331.72 Million Yesterday, Highest Since Launch

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