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Paul L.

BlackRock crypto ETFs see about $653.9M outflows as IBIT and ETHA lead withdrawals

BlackRock's crypto ETFs logged roughly $653.9 million in net outflows across five trading days from May 11 to May 15, led by withdrawals from its Bitcoin and Ethereum products. IBIT recorded about $461.2 million in outflows, while ETHA and ETHB together saw around $192.7 million pulled, as Bitcoin fell below $80,000 and Ethereum traded near $2,100.