BlackRock also can't withstand the short-term redemption pressure? The net outflow data looks frightening, but the net asset ratio is only 6.58%, and the ETF size is still very stable. Don't be swayed by single-day data.

According to SoSoValue, yesterday Bitcoin spot ETF had a total net outflow of $290 million, with the largest outflow from BlackRock's IBIT, at $136 million. IBIT has a cumulative net inflow of $65.78B; ARK/21Shares ARKB had a single-day net outflow of $52.48M, with a cumulative net inflow of $138.9 million. The total net asset value is $104.29B, with a net asset ratio of 6.58%, and a historical cumulative net inflow of $58.34 billion.