📉 $BITCOIN ETFs See $60M Net Outflows — BlackRock stands Alone as the Only Buyer
Yesterday’s session (08/12) showed renewed sell pressure across Spot Bitcoin ETFs, with total net outflows of $60.48M.
🔹 BlackRock’s IBIT was the only fund in the green, securing $28.76M in fresh inflows. IBIT’s historical cumulative inflow has now reached an incredible $62.55B.
🔹 Grayscale’s GBTC remained the biggest drag, recording $44.03M in outflows, while most other issuers saw flat or minor negative flows.
🔹 In a fearful market, BlackRock continues accumulating, showing strong institutional conviction compared to ongoing profit-taking from GBTC investors.
Are you moving with the crowd—or watching how giants accumulate quietly?
