Crypto ETF Outflows Deepen as Bitcoin and Ether Funds Lose $609 Million in Latest Session
Spot Bitcoin ETFs accounted for most of the pressure, posting $519.1 million in net outflows. BlackRock’s iShares Bitcoin Trust led the redemptions with
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NYDIG Rejects Basis Trade Theory Behind $1.26 Billion IBIT Sale
A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust shares this week likely reflected a large investor moving quickly out of bitcoin exposure