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Bitcoin ETFs lost $1.06 billion and Ethereum funds saw $326 million pulled out in just five days.

MarketRead the original at Benzinga
Bad for IBIT

BlackRock's IBIT faced persistent withdrawals as Bitcoin ETFs lost $1.06 billion over five trading days. Altcoin funds stayed positive for the year, but Bitcoin-fund selling points to weaker demand for IBIT.

IBIT · BlackRock

AI read · Bad for IBIT

The AI's read

Fewer assets in IBIT could mean less fee income for BlackRock. Bitcoin's 8.7% drop over five days may help explain why investors kept pulling money. Altcoin funds remained positive for the year, but that strength does not undo the reported selling in Bitcoin funds.

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