BlackRock crypto ETFs see about $1.5B weekly outflows across Bitcoin and Ethereum
BlackRock's crypto exchange-traded funds saw heavy redemptions over the past week, with Bitcoin and Ethereum products posting about $1.5 billion in combined net outflows. Over the five days ending June 5, iShares Bitcoin Trust (IBIT) accounted for roughly $1.34 billion of that total, while BlackRock's Ethereum ETFs together recorded about $121.8 million in net withdrawals.