Bitcoin ETF

Bitcoin

Time

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On Thursday, BlackRock's groundbreaking Bitcoin ETF <a href="https://x.com/CarpeNoctom/status/1829369983769399475">recorded</a> its first negative flows since May.
Overall, Bitcoin ETFs saw $71.8 million worth of outflows yesterday.&nbsp;
The iShares Bitcoin Trust ETF recorded $13.51 worth of outflows on Thursday, according to recent&nbsp;<a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data</a>.&nbsp;Yesterday, Bitcoin managed to briefly reclaim the $60,000 level. However, this recovery was rather short-lived, and the cryptocurrency is currently trading below the aforementioned level.&nbsp;
Notably, ARK 21Shares Bitcoin ETF (ARKB) was the only Bitcoin ETF in the green on Thursday. This came after this product experienced significant outflows on&nbsp;
As&nbsp;<a href="https://u.today/bitcoin-recovers-after-ark-invests-100-million-sale">reported by U.Today</a>, IBIT became the fastest ETF to reach $10 billion worth of assets under management.
In June, BlackRock's Bitcoin ETF&nbsp;<a href="https://u.today/blackrocks-btc-etf-records-massive-milestone">surpassed</a> $20 billion worth of AUM.It is now clear whether is the recent outflow is part of a bigger trend. So far, BlackRock has been absolutely dominating the Bitcoin ETF race, significantly outperforming major competitors such as Boston-based financial giant Fidelity.&nbsp;Meanwhile, as reported by U.Today, Bitcoin ETFs are on track to surpass Bitcoin creator Satoshi Nakamoto as the biggest holder of the largest cryptocurrency by Halloween.&nbsp;During a recent <a href="https://u.today/blackrock-boss-says-hes-major-believer-in-bitcoin?amp">CNBC interview</a>, BlackRock CEO Larry Fink said that he viewed the flagship cryptocurrency as “digital gold,” adding that it has a role in investor portfolios. Earlier, the BlackRock boss was rather critical of Bitcoin, but he completely changed his stance when the cryptocurrency started gaining more mainstream acceptance.&nbsp;

BlackRock’s Bitcoin ETF in Red for the First Time Since May

U_Today

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