The post BlockRock’s IBIT Under Pressure? Bitcoin ETF Outflow Hits Record $332M appeared first on Coinpedia Fintech News
In a surprising turn of events, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a massive $332.6 million outflow on January 2—its largest withdrawal since launching a year ago. This came right after U.S. markets reopened following the New Year holiday, continuing a three-day streak of redemptions. For the week, total outflows reached $392.6 million, surpassing the …