Investors withdrawing $420M from BlackRock's Bitcoin fund amid market volatility

From Cointelegraph

February 27, 2025 12:22:53 am:

BlackRock’s iShares Bitcoin Trust saw its largest single day outflow since its 2024 launch. The outflow totaled $49 million, reflecting investor sentiment towards Bitcoin. This comes amid increased volatility in the cryptocurrency market, with Bitcoin recently hitting a new all-time high of $68,789. The outflow indicates potential uncertainty among investors in the current market conditions.

Read more at Cointelegraph: BlackRock Bitcoin fund sheds $420M as ETF losing streak hits day 7