CandleFocus

BlackRock Bitcoin ETF Scores 0 Flow in 2 Days, What's Happening?

BlackRock's Bitcoin exchange-traded fund (ETF) has seen no new investments from institutional investors for the past two days, despite the ongoing bull market in cryptocurrencies. This lack of interest is attributed to market volatility and caution among investors due to Bitcoin's price fluctuations. Other ETFs, such as Bitwise's BITB and Grayscale's BTC, have seen consecutive days of inflows, but the overall Bitcoin ETF market suffered a net outflow of $122.8 million on November 26. BlackRock's ETF, IBIT, has reached a significant milestone with over $40 billion in total assets, but its performance has been impacted by market volatility, and analysts suggest caution may persist until a notable shift occurs in the broader cryptocurrency space.

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