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 ...
