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BlackRock Bitcoin ETF Records $122.7 Million Outflow
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), recorded a $122.7 million net outflow on July 31, according to Farside Investors. The redemption represented about 1,948 BTC sold by IBIT investors and came as U.S. spot Bitcoin ETFs collectively saw more than $265 million in net outflows. Market participants are now watching upcoming ETF flow data to determine whether the withdrawals reflect short-term profit-taking or a broader slowdown in institutional demand.
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