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Alexander Stefanov

BlackRock Withdraws $463M from Bitcoin ETF in Record Single-Day Outflow

BlackRock's IBIT ETF recorded $463.10 million in net outflows during a single trading session, marking the firm's largest Bitcoin exit since launching its cryptocurrency product. Combined with withdrawals from Fidelity and Grayscale, total outflows approached $500 million, according to Farside Investors data. Analysts attribute the redemptions to institutional liquidity needs rather than weakening confidence in Bitcoin.
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