The post Bitcoin ETFs Face $1 Billion Outflow: Is BlackRock the Only One Staying Strong? appeared first on Coinpedia Fintech News
U.S. Bitcoin ETFs are facing a tough time, with seven straight days of big outflows. According to data from SoSoValue, on September 5, 2024, Bitcoin ETFs saw a massive $211.15 million pulled out. Over this losing streak, the total outflow has now passed $1 billion. Fidelity’s ETF (FBTC) has been hit the hardest, with $149.49 million taken out, followed by Bitwise and Grayscale Bitcoin Trust (GBTC). However, BlackRock’s iShares Bitcoin Trust (IBIT) stands out, staying mostly steady since late July, with just a small outflow of $13.51 million, showing its strong belief in Bitcoin’s long-term future.