News Explorer — BlackRock's Bitcoin ETF Just Dumped $527 Million in a Single Day

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May 28, 5:56 am

Coindesk

BlackRock's Bitcoin ETF Just Dumped $527 Million in a Single Day

BlackRock's iShares Bitcoin Trust experienced its second-largest single-day net outflow of $527.84 million, coming close to the record set in January 2024. The fund, holding $59 billion in assets, accounts for nearly 4% of Bitcoin's total supply, making it a significant institutional vehicle for Bitcoin exposure.

BlackRock's iShares Bitcoin Trust experienced its second-largest single-day net outflow of $527.84 million, coming close to the record set in January 2024. The fund, holding $59 billion in assets, accounts for nearly 4% of Bitcoin's total supply, making it a significant institutional vehicle for Bitcoin exposure.

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