BlackRockโs spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, fell out of favor on Wednesday, preliminary data published by Farside Investors showed. For the first time since going live on Jan. 11, the fund did not draw any investor money, snapping a 71-day inflows streak. Seven of the other 10 funds followed IBITโs lead. Fidelityโs FBTC and the ARK 21Shares Bitcoin ETF (ARKB) registered inflows of $5.6 million and $4.2 million, respectively, while Grayscaleโs GBTC bled $130.4 million, leading to a net cumulative outflow of $120.6 million, the highest since April 17.
Bitcoin (BTC) Drops Below $64K, Ether (ETH) Falls
