Bitcoin ETFs Shed $465M Over Two Days, Led by BlackRock's IBIT
Decrypt·
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Bitcoin ETFs experience a significant $465 million outflow over two days, led by BlackRock's IBIT, reversing a seven-day $1 billion inflow streak. Analysts attribute the selling to renewed U.S.-Iran tensions and fears of a Fed rate hike, causing investors to reassess their risk exposure and potentially shifting assets to safer havens, impacting cryptocurrency market sentiment and stability.
The selling reversed a seven-day, $1 billion inflow streak, with analysts blaming renewed U.S.-Iran tensions and Fed rate-hike fears.