BlackRock’s IBIT Shines as Crypto ETFs Face Heavy Outflows
On October 13, Ethereum spot ETFs noticed $429 million in internet outflows for the third straight day, whereas Bitcoin spot ETFs recorded $327 million in withdrawals. Amid the sell-off, BlackRock’s IBIT was the lone brilliant spot, posting a internet influx of about $60 million. The transfer highlights investor confidence in IBIT regardless of total bearish ETF sentiment, reinforcing its dominance within the institutional Bitcoin funding area.
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