Huge withdrawal! BlackRock Bitcoin Trust ETF suffered the largest capital outflow in history, with $333 million withdrawn!
Last Thursday, BlackRock's iShares Bitcoin Trust ETF (IBIT) ushered in the largest net outflow of funds since its launch, withdrawing $333 million in one go! What's more shocking is that this is the "longest record" of the fund experiencing capital outflows for three consecutive days, which makes people doubt the change in market sentiment.
It is worth noting that despite the outflow of funds, the iShares Bitcoin Trust ETF still has more than $53 billion in assets and has attracted a large number of institutional investors since its launch in January last year. This is also one of the key factors that pushed Bitcoin to break through its historical high in mid-December last year!
Market volatility has increased, and the withdrawal of institutional funds may be a response to future uncertainties, but Bitcoin is still a "hot commodity" that attracts institutions. Does this wave of capital outflow mean a turning point in the Bitcoin market? Or is it just a short-term adjustment? What do you think?
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