BlackRock’s Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit...

BlackRock’s Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products

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Source: Coindesk.com

BlackRock's IBIT had its first-ever day of outflows, with $36.9 million exiting the fund. Fidelity's FBTC led outflows, shedding $191 million, followed by GBTC, ARKB and IBIT. Fed Chair Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.

Investors dumped U.S.-based spot

Read More https://www.coindesk.com/markets/2024/05/02/us-bitcoin-etfs-bleed-record-563m-even-as-feds-powell-rules-out-rate-hike/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "BlackRock's Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products" appeared first here Coindesk.com.

Source: Coindesk.com

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