BlackRock IBIT sees $219 million outflow... Second largest in history

Source
JOON HYOUNG LEE

Summary

  • BlackRock's Bitcoin spot ETF saw a net outflow of $219 million.
  • This is the second largest outflow in history, cautioning investors.
  • In contrast, a total of $210 million was net inflowed into all U.S. Bitcoin spot ETFs.

Over $200 million has been withdrawn from BlackRock's Bitcoin (BTC) spot Exchange Traded Fund (ETF).

According to the X account of Trader T, which tracks U.S. virtual asset fund flows, $219 million (approximately 320 billion won) was withdrawn from BlackRock's spot ETF, IBIT, on the 14th. This is the second largest outflow in history.

On the same day, a total of $210 million was net inflowed into all U.S. Bitcoin spot ETFs. Specifically, $10.2 million was net inflowed into WisdomTree's BTCW, and $5.5 million into VanEck's HODL. Meanwhile, $8.9 million was net outflowed from Bitwise's BITB.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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