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via financefeeds.comAsset Management

BlackRock's Bitcoin ETF sees 2 billion dollars in outflows over nine straight sessions

FROM THE WIRE · FINANCEFEEDS.COM

However, inflows into smaller products have been insufficient to offset withdrawals from BlackRock's much larger fund.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishProlonged outflows from a large bitcoin ETF can weigh on the cryptocurrency price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BlackRock's Bitcoin fund saw about 2 billion dollars in outflows over nine consecutive sessions.
  2. 02Inflows into smaller products were insufficient to offset withdrawals from the much larger fund.
  3. 03BlackRock's largest fund accounted for most of the redemptions.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto72,158.59 USD+0.24%today -2.44%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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