{"id":84045,"date":"2024-09-01T22:48:07","date_gmt":"2024-09-01T22:48:07","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/09\/01\/blackrocks-bitcoin-etf-saw-outflow-for-the-first-time-since-may\/"},"modified":"2024-09-01T22:48:07","modified_gmt":"2024-09-01T22:48:07","slug":"blackrocks-bitcoin-etf-saw-outflow-for-the-first-time-since-may","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/09\/01\/blackrocks-bitcoin-etf-saw-outflow-for-the-first-time-since-may\/","title":{"rendered":"BlackRock&#039;s Bitcoin ETF Saw Outflow For the First Time Since May"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA2MTQ5MzAyMzI4NzYzNTgx\/blackrock.jpg\" \/><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock&#8217;s<\/a> spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, experienced an outflow of $13.5 million on Thursday. This was IBIT&#8217;s first outflow since May 1st. Thursday&#8217;s outflow was the second ever for the iShares Bitcoin Trust since its launch in January. The ETF has seen consistent inflows almost daily, cementing itself as a dominant Bitcoin investment product.<\/p>\n<p>Prior to Thursday&#8217;s $13.5 million outflow, the last time the fund saw withdrawals was May 1st when $37 million was pulled out. That coincided with Bitcoin hitting a local low of $56,000.<\/p>\n<p>The outflow comes as <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">spot Bitcoin ETFs<\/a> recorded a third straight day of withdrawals totalling $71.8 million on Thursday. Competing Bitcoin ETFs from Grayscale, Fidelity, Valkyrie and Bitwise also posted outflows ranging from $8 million to $31 million.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/ark-invest\">ARK&#8217;s Bitcoin ETF<\/a> saw an inflow of $5.3 million, bucking the negative trend. The mixed flows highlight diverse investor outlooks amid Bitcoin&#8217;s stagnation under $60,000. BlackRock&#8217;s IBIT seeing an outflow for the first time in months is a notable development. It might indicate that the bottom is in like the last time, or this might be the start of more outflows.\u00a0<\/p>\n<p>Nonetheless, BlackRock&#8217;s Bitcoin ETF has still attracted a staggering over $20 billion in net inflows over its lifetime. It remains the dominant spot Bitcoin fund with over 350,000 BTC under management, making it one of the largest <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/bitcoin-treasury-public-listed-companies\/\">institutional Bitcoin holders.<\/a><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/blackrocks-bitcoin-etf-saw-outflow-for-the-first-time-since-may\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, experienced an outflow of $13.5 million on Thursday. This was IBIT&#8217;s first outflow since May<\/p>\n","protected":false},"author":1,"featured_media":84046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-84045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/84045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=84045"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/84045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/84046"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=84045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=84045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=84045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}