“BlackRock BTC Spot ETF sees first net outflows...$36.9 million”

BlackRock's BTC Spot ETF (IBIT) saw net outflows of $36.9 million in one day (local time), reports X, citing Treenews. This is the first net outflow since IBIT launched in January. Meanwhile, BTC fell below $57,000, according to Coinness Market Monitor. On Binance's USDT market, BTC is trading at $56,989.88.

U.S. BTC spot ETFs saw net outflows totaling more than $559 million today. This is the largest outflow since the BTC spot ETF launched in January and the sixth consecutive day of net outflows. It is slightly more than double the previous largest net outflow of $326 million (March 19). BlackRock IBIT saw its first net outflow since launch ($36.9 million), while Fidelity FBTC saw $191 million in net outflows. Grayscale GBTC saw net outflows of $167 million.