The market is again paying close attention to Bitcoin ETF flows. BlackRock's IBIT, currently the largest spot Bitcoin ETF, recorded a net outflow of $325.6 million as total US spot Bitcoin ETF withdrawals reached $331 million on the day. This came just after another $649 million left the sector the day before, ending weeks of steady inflows. Bitcoin itself traded around $79,000 during the move, with higher Treasury yields and geopolitical uncertainty adding pressure across markets. What's interesting is that despite the short-term outflows, IBIT has still accumulated about $62.2 billion in inflows since January 2024 and now holds over 577,000 $BTC. Many analysts see this as an institutional realignment rather than a complete shift away from Bitcoin exposure. #BlackRock
#BingX