Market Chatter: BlackRock's Bitcoin ETF Sees Record $333 Million Net Outflow Thursday

MT Newswires Live01-03

BlackRock's (BLK) iShares Bitcoin Trust ETF (IBIT) saw a net outflow of $333 million on Thursday, a record since its launch, Bloomberg News reported Friday.

The ETF also saw a third consecutive day of outflows, its longest losing streak, according to Bloomberg data.

The BlackRock ETF, launched in January last year, is the largest spot bitcoin fund, with almost $37 billion in inflows and over $53 billion in assets, Bloomberg reported.

BlackRock did not immediately respond to MT Newswires' request for comment.

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