BlackRock's IBIT Sees $300M Outflow Amid Weakening Bitcoin Demand

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BlackRock's Bitcoin ETF, IBIT, recorded a significant outflow of $300 million as investor appetite for Bitcoin appeared to weaken. Smaller competing funds managed to absorb a portion of the overall capital exit. The development signals a cooling of enthusiasm in the spot Bitcoin ETF market. Meanwhile, the same AI-driven investment trend that rattled South Korean markets a week ago has since reversed course, fueling a record quarterly rally there.

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