Average IBIT investor now down about 40% as spot bitcoin ETFs cap second-worst week on record
Covered by 2 sources · 2 articles
2 outlets - including Livebitcoinnews and Theblock - are covering this story. Average IBIT investor swung from a 30% gain to a 40% loss after Bitcoin’s sharp decline. Most IBIT investors bought near Bitcoin’s peak, raising the fund’s average purchase price. Bitcoin ETF outflows and weaker sentiment continue pressurin…
All coverage
BlackRock’s IBIT Sees Average Investor Down 40% Amid Bitcoin Drop
Average IBIT investor swung from a 30% gain to a 40% loss after Bitcoin’s sharp decline. Most IBIT investors bought near Bitcoin’s peak, raising the fund’s average purchase price. Bitcoin ETF outflows and weaker sentiment continue pressurin…
Average IBIT investor now down about 40% as spot bitcoin ETFs cap second-worst week on record
Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.