U.S. Spot Bitcoin ETF Sees $648.6M Outflows on May 18, 8th Largest Single-Day Withdrawal

IBIT-0.02%
According to Farside Investors, on May 18, the U.S. spot Bitcoin ETF market experienced $648.6 million in net outflows, marking the 8th largest single-day withdrawal since the product's launch. BlackRock's iShares Bitcoin Trust (IBIT) accounted for $448.4 million of this outflow, representing the 4th largest daily net outflow for the fund since its debut. IBIT's outflow comprised approximately 69.1% of total U.S. spot Bitcoin ETF redemptions on the day.
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