BlackRock’s Bitcoin ETF Remains Popular Despite Market Downturn

A surprising trend has emerged in the US bitcoin exchange-traded fund (ETF) market, as investors continue to flock to BlackRock’s iShares Bitcoin Trust (IBIT), despite a significant outflow across the sector. In a recent Monday, spot bitcoin ETFs witnessed a substantial withdrawal of $326.4 million, while IBIT defied this trend by attracting fresh capital, totaling $134 million over the last two trading days. This divergence is intriguing, as it occurs amidst declining market conditions.