Spot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeks
BlackRock’s IBIT accounted for most of the weekly Bitcoin ETF redemptions, while Fidelity and Grayscale funds also saw outflows.
The Daily Hold News·
BlackRock chief investment officer Rick Rieder believes that the bull run in US equities will continue, driven by higher earnings estimates. In a new interview at the CNBC CEO Council Summit, Rieder says the market is in the midst of an “extraordinary period of time” as stock prices rise while earnings multiples fall. While Rieder […] The post BlackRock CIO Rick Rieder Sees Sustained Stock Market Bull Run, Names One Equity Group Flashing Solid Fundamentals appeared first on The Daily Hodl.
Read full articleBlackRock’s IBIT accounted for most of the weekly Bitcoin ETF redemptions, while Fidelity and Grayscale funds also saw outflows.
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U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. According to data from…
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