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Market Chatter: BlackRock's Bitcoin ETF Sees Record $333 Million Net Outflow Thursday
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Market Chatter: BlackRock's Bitcoin ETF Sees Record $333 Million Net Outflow Thursday
Jan 3, 2025 5:33 AM

08:12 AM EST, 01/03/2025 (MT Newswires) -- 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 ( BLK ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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