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The recent turmoil in BlackRock’s iShares Bitcoin Trust ETF (IBIT) has sparked discussions about broader market dynamics and the behavior of institutional investors.
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Thursday’s net income of $332.6 million shows the challenges facing Bitcoin ETFs in a volatile market.
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Neal Wen of Kronos Research emphasized that “the large output from BlackRock’s IBIT may reflect this activity, especially in response to Bitcoin price movements.”
The significant flow recorded in BlackRock’s iShares Bitcoin Trust questioned the trends in institutional investment amid Bitcoin price fluctuations.
BlackRock’s IBIT sees record highs amid market volatility
BlackRock iShares Bitcoin Trust ETF real shares The latest payment of $332.6 million represents a critical time for this investment vehicle. The exit is the ETF’s largest since its launch last year.
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