BlackRock Bitcoin ETF Bleeds for First Time in Weeks

BlackRock has recorded its second outflow since May

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Despite BlackRock and Grayscale's outflows, others like Franklin, Valkyrie, VanEck, WisdomTree and Grayscale Bitcoin Mini Trust did not register any flows. The other asset managers' positive performance helped register a cumulative inflow of $28.6 million. Notably, Fidelity led the pack with a $28.6 million inflow, followed by Bitwise with $22 million. Others are ARK 21Shares and Invesco , with $6.8 million and $3.1 million, respectively.Regardless of IBIT’s recent outflow, it remains the leading asset manager in flows. On average, BlackRock has posted an average of $126 million, over $69 million more than its closest rival, Fidelity.BlackRock. The cumulative average inflow of the others amounts to $39.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Price Under Pressure Despite Massive Inflows of BlackRock ETFBlackRock's Bitcoin ETF has attracted massive inflows, but Bitcoin remains under bearish pressure
Read more »

BlackRock’s Bitcoin ETF in Red for the First Time Since MayBlackRock's Bitcoin ETF has recorded its second day with negative flows since its inception
Read more »

BlackRock iShares Bitcoin Trust Breaks ETF Chart With $20 Billion InflowBlackRock hits another historic Bitcoin ETF milestone
Read more »

BlackRock Tops Grayscale in Bitcoin and Ethereum ETF RacesBlackRock now ahead of Grayscale in terms of ETF holdings
Read more »

BlackRock Bitcoin ETF Hits Another Historic MilestoneBlackRock remains most successful ETF of this year
Read more »

BlackRock’s Spot Bitcoin ETF Sees First Day of Outflows in Nearly 4 MonthsCrypto Blog
Read more »