BlackStone’s one-day “getaway” saw nearly $450 million in outflows—IBIT holders averaged a 40% loss. Are institutions also starting to buckle under the pressure?

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CoinNetwork
Coin World News, Coin Bureau reported that BlackRock recently saw its largest Bitcoin outflow in history. Its single-day net outflow was 7,432 Bitcoins, worth approximately $446 million, which were deposited into Coinbase Prime. This is also its largest single-day net outflow in Bitcoin. In addition, BlackRock transferred 8,150 Ethereum, worth approximately $13 million. The move came after its spot Bitcoin ETF IBIT experienced $1.3 billion in outflows last week—its second-largest weekly redemption since launch. According to Bespoke data, the average investor in IBIT is currently down by about 40%.
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