$BTC Bitcoin ETFs See Net Outflows Of $60M Yesterday BlackRock Stands Alone As The Sole Buyer

The trading session yesterday 08/12 saw sell pressure return to Spot Bitcoin ETFs. The total net flow recorded a negative $60.48 million.

🔸BlackRock(IBIT) was the only fund to record a positive inflow, netting $28.76 million. IBIT historical cumulative net inflow has now reached a massive $62.55 billion.

🔸 Grayscale(GBTC) continues to be the main drag on the market with a net outflow of $44.03 million. Most other funds recorded zero or slightly negative flows.

🔸 When the whole market is fearful or sitting on the sidelines, BlackRock quietly accumulates every satoshi. The fact that IBIT was the sole gainer demonstrates the iron clad conviction of BlackRock institutional clients, in stark contrast to the profit taking or capitulation from Grayscale investor base.

Will you follow the selling crowd, or follow the footsteps of the giant BlackRock who is buying when no one else dares?

News is for reference, not investment advice. Please read carefully before making a decision.