CoinDesk·2 min read·medium
Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
S
Shaurya Malwa
✦AI Summary
BlackRock's IBIT bitcoin ETF experienced a significant $236 million outflow, while other cryptocurrency funds saw modest inflows. Despite the volatility, major digital assets like Bitcoin and Ether remained relatively stable during Asian trading hours.
Why it matters
Large outflows from major ETFs like BlackRock's provide insight into institutional investor sentiment and broader market liquidity trends in the crypto sector.
Bitwise's BITB was the only fund on the other side, taking about $8 million, while the remaining nine posted nothing at all.
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