BlackRock’s Bitcoin ETF Suffers First Daily Outflows Since Launch

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The BlackRock iShares Bitcoin Trust and other US Bitcoin ETFs have experienced a record day of net outflows, with the Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust leading the way with $191.1 million and $167.4 million in outflows, respectively.

The ARK 21Shares Bitcoin ETF and Franklin Bitcoin ETF also saw outflows of $98.1 million and $13.4 million, respectively.

This comes amid a 10.7% decrease in Bitcoin’s value over the past week.

Additionally, data shows that traditional assets, such as the iShares Gold ETF and SPDR Gold ETF, have also seen significant outflows this year with $1 billion and $3 billion, respectively.