BlackRock Bitcoin ETF clients pull $104.97 million from the fund

Investors in BlackRock's iShares Bitcoin Trust redeemed roughly $105 million as trading activity across spot Bitcoin ETFs cooled sharply Clients of BlackRock’s Bitcoin ETF sold $104.97 million worth of Bitcoin. That is real money leaving the largest spot Bitcoin fund in the US. Before anyone pictures Larry Fink personally dumping coins, this was not BlackRock trading for its own book. The outflow came from investors redeeming their shares. BlackRock simply ran the checkout line. The fund in question is the iShares Bitcoin Trust, ticker IBIT. It is the leading spot Bitcoin ETF by assets and by accumulated inflows.