The post BlackRock’s IBIT Shines as Crypto ETFs Face Heavy Outflows appeared first on Coinpedia Fintech News
On October 13, Ethereum spot ETFs saw $429 million in net outflows for the third straight day, while Bitcoin spot ETFs recorded $327 million in withdrawals. Amid the sell-off, BlackRock’s IBIT was the lone bright spot, posting a net inflow of about $60 million. The move highlights investor confidence in IBIT despite overall bearish ETF sentiment, reinforcing its dominance in the institutional Bitcoin investment space.
Source: https://coinpedia.org/crypto-live-news/blackrocks-ibit-shines-as-crypto-etfs-face-heavy-outflows/
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