BlackRock IBIT experiences net capital outflows for the first two consecutive weeks
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2025-01-05 02:02 8,185
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Golden Finance reports that U.S. spot Bitcoin ETFs have generally rebounded with the rebound in Bitcoin prices over the past week. The 12 funds recorded weekly net inflows of $245 million, the third-smallest total so far but an improvement on last week's $388 million net outflow, according to SoSoValue data.
However, BlackRock IBIT, the largest such fund by net asset value, posted net weekly outflows for the second consecutive week, although both trading weeks were limited to four days due to holidays. This is the first time the largest spot Bitcoin ETF on the market has seen such a losing streak; its $54.3 billion net asset value (NAV) still far exceeds that of its biggest rivals Fidelity FBTC and Grayscale GBTC, both of which have NAV About $20 billion.