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Bitcoin ETFs Experience Another Wave of Outflows, BlackRock in Focus

Fri, 7/03/2025 - 16:08
BlackRock Bitcoin ETF holders are dumping, but here is how bad it is actually
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Bitcoin ETFs Experience Another Wave of Outflows, BlackRock in Focus
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The year 2025 continues to be a wild ride for the cryptocurrency market, and Bitcoin (BTC) in particular. From crazy back-to-back price swings of 10% each, liquidations of no less than $1 billion almost every weekend, and major events like the creation of the Strategic Bitcoin Reserve by the United States of America, not many understand where this market is going. 

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It is safe to say that instability is the most stable thing on the market right now. What is bad about it is that in a period of such uncertainty, not many investors prefer to be involved in a roller coaster and, judging by recent trends, feel better on the sidelines. This tendency is quite noticeable when you take a look at the Bitcoin ETF space. 

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For example, according to the latest data presented by Lookonchain, in the last 24 hours, these crypto-oriented investment products experienced another round of outflows with a net figure of -$137.62 million, or -1,537 BTC in equivalent. 

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It was just last week when the market saw over $2.9 billion in outflows, and it seems that this trend has not yet reversed. 

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Source: Lookonchain

The largest outflows over the course of the last day were observed in IBIT, a Bitcoin ETF from BlackRock. During the period under review, the $10 trillion financial mastodon lost 689 BTC from its accounts, which is about $61.7 million. 

This figure reflects the actions of IBIT ETF holders, who were actually selling. 

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As it stands, BlackRock still owns 571,970 BTC, which is worth $51.23 billion at current prices. The total for all Bitcoin ETF issuers is almost double that - 1,127,831 BTC, or $101 billion.

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