Bitcoin, Ether ETFs Shed $1.65B as BlackRock-Led Outflows Intensify
Photo: TheCoinrise
BlackRock's iShares funds led a wave of redemptions from US spot crypto ETFs, with Bitcoin funds alone losing $411.9 million on Friday. Spot Bitcoin and Ether exchange-traded funds in the United States have recorded sharp outflows, with crypto.news reporting a combined loss of $1.65 billion across the two asset classes. BlackRock, the largest issuer of crypto ETFs by assets under management, was identified as the primary source of the withdrawals. A separate account from NewsBTC focused specifically on Bitcoin ETFs, reporting $411.9 million in outflows on Friday alone.
Source: TheCoinrise
