US-Based Funds Drive $1.7B In Crypto ETP Outflows In Second-Largest Weekly Redemption Of 2026
US-based funds drove $1.67B in crypto ETP outflows, the second-largest weekly redemption of 2026, led by Bitcoin and IBIT.
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Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says
NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
Texas Bitcoin Reserve Plan Sparks Fresh Custody Fears
Texas issued an RFP to move its $10M Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly custodied Bitcoin within 60 days.
IBIT news: BlackRock bitcoin ETF sheds $528 million, the second-largest daily outflow on record
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-dri...