๐ฅ HOT NEWS !!!
BLACKROCK IBIT WITHDRAWS $528 MILLION โ 2ND LARGEST IN HISTORY ๐๐ธ
iShares Bitcoin Trust (IBIT) reported a net outflow of $528M in a single day โ the highest since its launch ๐
However, IBIT is still in the top 2% of all ETFs with a net inflow of $2 billion year-to-date ๐ฐ
Total historical inflows reached $64 billion โ this withdrawal is less than 1% of total inflows, according to Bloomberg expert Eric Balchunas ๐ฏ
The $528M figure sounds scary, but in the context of $64 billion, itโs just normal fluctuation. The market needs to watch if this is a trend or just short-term profit-taking.
#BitcoinETF #IBIT
$BTC $ETH $XLM
BLACKROCK IBIT WITHDRAWS $528 MILLION โ 2ND LARGEST IN HISTORY ๐๐ธ
iShares Bitcoin Trust (IBIT) reported a net outflow of $528M in a single day โ the highest since its launch ๐
However, IBIT is still in the top 2% of all ETFs with a net inflow of $2 billion year-to-date ๐ฐ
Total historical inflows reached $64 billion โ this withdrawal is less than 1% of total inflows, according to Bloomberg expert Eric Balchunas ๐ฏ
The $528M figure sounds scary, but in the context of $64 billion, itโs just normal fluctuation. The market needs to watch if this is a trend or just short-term profit-taking.
#BitcoinETF #IBIT
$BTC $ETH $XLM