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BlackRock's IBIT experienced nearly 400 million in daily outflows—are institutional funds retreating or reallocating?
Among them, BlackRock's IBIT had a single-day net outflow of $388.6 million, accounting for about 75% of the total outflow; Fidelity's FBTC had a net outflow of $45.1 million, ARKB had a net outflow of $16.7 million, and GBTC had a net outflow of $83.5 million. Only MSBT recorded a net inflow of $14.8 million.
Meanwhile, the US spot Ethereum ETF recorded a net outflow of $90.2 million on the same day. Among them