BlackRock’s Bitcoin ETF has faced its second-ever day of outflows as the price of Bitcoin dipped below $59,000.
BlackRock’s Bitcoin exchange-traded fund (ETF) has recorded its second-ever outflow day since it launched in January.
The iShares Bitcoin Trust ETF (IBIT) recorded a $13.5 million net outflow on Aug. 29, its second since it saw a $36.9 million net outflow on May 1 — which was also the worst joint outflow day on record for the Bitcoin (BTC) ETFs at $563.7 million, per Farside Investors data.
In total, the 11 United States-based Bitcoin (BTC) ETFs saw joint net outflows totaling $71.8 million on Aug. 29.
