US spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, up from $95 million a day earlier, as five-session withdrawals reached $1.44 billion.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded more than $2 billion in net outflows over nine consecutive trading sessions through Wednesday.
Investors pulled a net $269.7 million from IBIT on Wednesday, accounting for about 90% of the day’s $300 million in net withdrawals across US spot Bitcoin ETFs, according to Farside Investors data.
Grayscale’s Bitcoin Trust ETF (GBTC) recorded $39.1 million in net withdrawals, while the Morgan Stanley Bitcoin Trust ETF (MSBT) drew $9 million in net inflows.
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