The iShares Bitcoin Trust, BlackRock's spot Bitcoin ETF, recorded its first outflow since May 1, with $13.5 million withdrawn, marking its second outflow ever.
Despite Thursday's outflow, BlackRock's ETF has accumulated over $20 billion in net inflows since its launch, maintaining its position as a leading institutional Bitcoin investment vehicle.
The withdrawal coincided with a general trend of outflows across multiple Bitcoin ETFs, signaling cautious investor sentiment amid Bitcoin's stagnation below $60,000.
While other Bitcoin ETFs experienced withdrawals between $8 million and $31 million, ARK's Bitcoin ETF defied the trend with a $5.3 million inflow, showcasing mixed investor confidence.
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