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International Business Times
International Business Times
Business

Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar.

BlackRock Bitcoin ETF Fidelity
The BlackRock company logo is seen outside of its NYC headquarters on August 08, 2024 in New York City. (Credit: Getty Images)

U.S. spot Bitcoin exchange-traded funds recorded $65.4 million in net outflows Monday, with the entire amount coming from BlackRock's iShares Bitcoin Trust, while other tracked funds reported no net movements.

BlackRock's fund, trading under the ticker IBIT, was the only one to record net withdrawals on October 12, according to Farside Investors data. Fidelity's Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF and Grayscale's Bitcoin funds were among those reporting zero net flows.

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