Articles for tag: Bitcoin ETF, BlackRock, Cryptocurrency market, Ethereum ETF, Exchange-Traded Funds, financial outflows, investment trends

Market News

Bitcoin ETFs Experience Exodus in 2024 as BlackRock Loses 3,500 BTC During Price Rally

On the first trading day of the year, Bitcoin and Ethereum exchange-traded funds (ETFs) experienced significant outflows, exceeding $310 million. Bitcoin-focused ETFs saw a $242.3 million decline, with BlackRock’s iShares Bitcoin Trust facing its largest outflow ever, totaling $332 million. Despite these losses, it still leads in assets under management at nearly $53.5 billion. Competitors ...

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