Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles
IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.
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23 minutes ago · 7:01 AMShaurya MalwaShareShare this postCopy linkX iconX (Twitter)LinkedInFacebookEmailBlackRock's IBIT sheds $300 million as bitcoin demand dwindlesU.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock's IBIT accounting for $300 million of outflows that other funds partly offset, including $50 million into ARKB and $35 million into GBTC, per SoSoValue data.The outflow lands as risk appetite elsewhere is surging. Wall Street's technology rally spread into Asia on Tuesday, with the MSCI Asia Pacific index up 1% on the year's final trading day after a semiconductor rebound helped the S&P 500 snap a five-session losing streak.
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