Bitcoin ETFs See $60M Outflow, But BlackRock Stands Firm as the Lone Buyer
Yesterday, December 8th, the Bitcoin ETF market experienced notable sell pressure, with total net outflows hitting $60.48 million. While most funds faced withdrawals, one major player stood out—BlackRock.$BTC
🔹 BlackRock’s IBIT ETF was the only fund to record a positive inflow, netting $28.76 million. This brings IBIT’s historical cumulative net inflow to a staggering $62.55 billion, highlighting the firm’s unwavering confidence in Bitcoin.
🔹 On the other hand, Grayscale (GBTC) continued to struggle, posting a net outflow of $44.03 million. Most other ETFs either remained flat or saw minor outflows, reflecting cautious investor sentiment.$ETH
What stands out in this environment is BlackRock’s quiet accumulation. While many investors are taking profits or stepping aside, BlackRock’s institutional clients are buying steadily, demonstrating a stark contrast to the capitulation seen in other funds.
This scenario raises an important question for investors: Do you follow the crowd that’s selling, or do you take a page from BlackRock’s playbook and buy when others hesitate?$BNB
Note: This article is for informational purposes only and should not be considered investment advice. Always conduct your own research before making financial decisions.
