Except for Bitwise (BITB), which received 18.7 million USD, all U.S. products saw no inflows on Monday.#اقتصاد_امريكا #wct $BTC
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Bitcoin's price reflected after it dropped by 8.5% from its all-time high on July 14 during the weekend, reaching a low of 112,300 USD on Sunday.#اقتصاد_المستقبل
With Bitcoin's price declining over the weekend and then rising slightly on Monday, BlackRock's U.S.-listed Bitcoin ETF experienced its largest outflow since May. Monday saw the largest outflow of 292.5 million USD for BlackRock's iShares Bitcoin Trust (IBIT) in two months. Friday also saw a slight outflow, ending a 37-day streak of inflows.
Bitcoin's price reflected after it dropped by 8.5% from its all-time high on July 14 during the weekend, reaching a low of 112,300 USD on Sunday, before recovering to 115,000 USD in late trading on Monday.
Strong market pressure
Compared to the enormous net inflows in July, which amounted to 5.2 billion USD, representing 9% of the net inflows the fund has seen since its launch in January 2024, BlackRock's recent loss is considered a secondary event. The value of U.S. spot Bitcoin ETFs has decreased for three consecutive trading days.
Except for Bitwise (BITB), which received 18.7 million USD, all U.S. products saw no inflows on Monday. Both Fidelity's Wise Origin Bitcoin ETF (FBTC) and Grayscale Bitcoin Trust (GBTC) recorded outflows of 40 million USD and 10 million USD respectively.
After the assets recovered from the support level of 112,000 USD, the outflow of funds from ETFs on Monday was less severe than the outflows of 812 million USD on Friday. It seems that institutional digital asset offerings are generally in a better position this year.
While the private asset bubble is slowing down, digital assets and hedge funds have captured a market share this year, according to Eric Balchunas, a Bloomberg ETF analyst.
