Main takeout
- Blackrock’s Ishares Bitcoin Trust faces up to $ 440 million over a day.
- The US -listed Bitcoin ETF has experienced a $ 666 million leak due to the drop in the price of Bitcoin.
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Blackrock’s Ishares Bitcoin Trust (Ibit) has leaked more than $ 43 million after the market closed on Friday.
IBIT continues to dominate the global Bitcoin ETF market despite the recent full back. The fund has been about $ 48 billion in new capital since its launch, and its assets have been nearly $ 70 billion.
Other competing Bitcoin ETFS also lost in the last trading day in May.
Fidelity’s FBTC has leaked about $ 14 million, GrayScale’s GBTC lost about $ 16 million, Bitwise’s Bitb lost $ 35 million, and Ark Invest’s Arkb recorded a major leak of $ 120 million.
Overall, the US listed SPOT BITCOIN ETF lost about $ 666 million on Friday and continued to slide on Thursday with a leak of $ 336 million.
The return of negative ETF flow was consistent with the new sales pressure on Bitcoin. After reaching $ 110,000 every week, assets slipped less than $ 105,000 on Thursday, nearly $ 103,000 until Saturday.
At the time of writing, Bitcoin spent about $ 103,700 depending on the TradingView data.
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