BlackRock IBIT Outflows Hit $1.66B Over Seven Sessions
By Michael B
BlackRock IBIT outflows recorded its seventh straight day of outflows totaling $1.66 billion. US spot Bitcoin ETFs lost $201 million Monday as year-to-date flows turn negative. US spot Bitcoin exchange-traded funds continued to lose assets on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) posting its seventh…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
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