BlackRock’s Bitcoin ETF Sees Largest Outflow Since May as BTC Rebounds Slightly
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Description
BlackRock’s spot Bitcoin ETF, IBIT, recorded its most significant outflow in over two months on Monday, signaling a short-term shift in investor sentiment amid recent Bitcoin price volatility. The fund saw $292.5 million in outflows, ending a 37-day streak of consistent inflows. Previous ETF outflows had already hinted at a potential cooling phase, which now appears to be unfolding across multiple spot Bitcoin funds. Bitcoin fell over the weekend, retreating 8.5% from its July 14 all-time high o...
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