BlackRock Bitcoin ETF sees $1.66B outflows in seven sessions
In short
US spot Bitcoin ETFs lost $201 million on Monday. BlackRock’s IBIT had seven straight sessions of net outflows totaling $1.66 billion.
That shows investors pulled money out of a major Bitcoin fund over the week.
What the reporting says
US spot Bitcoin ETFs shed $201 million on Monday, extending seven straight sessions of net withdrawals from BlackRock’s IBIT to $1.66 billion. The selling pressure signals a sharp pullback from one of the biggest Bitcoin funds in the market.
Why it matters
US spot Bitcoin ETFs lost $201 million on Monday, and BlackRock’s IBIT posted seven straight sessions of net withdrawals totaling $1.66 billion. The data points to weaker investor appetite for Bitcoin ETF exposure over the period.