BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redemptions
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Tokenist - are covering this story. TL;DR IBIT concentrated most of the pressure in June, absorbing around $3.3Bn, which equals roughly 77% of total US Bitcoin ETF outflows of $4.3Bn. The largest ETF issuer effect came from institutional repositioning as US Treasury yields in…
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BlackRock’s IBIT Absorbs 77% of June Bitcoin ETF Outflows Amid Market Sell-Off
TL;DR IBIT concentrated most of the pressure in June, absorbing around $3.3Bn, which equals roughly 77% of total US Bitcoin ETF outflows of $4.3Bn. The largest ETF issuer effect came from institutional repositioning as US Treasury yields in…
BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redemptions
BlackRock's IBIT absorbed $3.3B of June's $4.3B in Bitcoin ETF outflows as rising Treasury yields drove institutional rebalancing and BTC fell to $59,558. The post BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redempt…