BlackRock bows to market pressure with sustained zero flow
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Besides BlackRock, other players on the ETF market have remained strong. Only Bitwise’s BITB and Grayscale’s BTC registered two consecutive days of inflows. Bitwise had $6.5 million and $48 million inflows on Nov. 26 and 27, respectively, while Grayscale recorded $4.8 million and $12 million. Interestingly, despite positive inflows from the duo, it proved insufficient to keep the Bitcoin ETF market in the green on Nov. 26. The market suffered a net outflow of $122.8 million.BlackRock, known for large inflows, could have helped prevent a negative flow if not for the market's existing caution. BlackRock’s Bitcoin ETF performance recently hit a significantAnalysts say this caution might persist until a significant shift occurs in the broader cryptocurrency space.
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