The post BlackRock’s IBIT Shines as Crypto ETFs Face Heavy Outflows appeared first on Coinpedia Fintech News
On October 13, Ethereum spot ETFs saw $429 million in net outflows for the third straight day, while Bitcoin spot ETFs recorded $327 million in withdrawals. Amid the sell-off, BlackRock’s IBIT was the lone bright spot, posting a net inflow of about $60 million. The move highlights investor confidence in IBIT despite overall bearish ETF sentiment, reinforcing its dominance in the institutional Bitcoin investment space.