Key highlights: Bitcoin ETFs have wrapped up a torrid month, marked by record-high outflows BlackRock’s IBIT was the hardest hit in June, losing $3.55 billion Falling inflows forced Citigroup to revise its BTC and ETH estimates downward US-based spot BlackRock’s IBIT bore the brunt of the losses, shedding a staggering $3.55 billion in June alone. […]
Tag: IBIT
Key highlights: BlackRock offloads $96.66 million from its IBIT fund. Bitcoin fell below $63,000 as selling pressure worsened. Tom Lee sounded an alarm of a deeper bear market later this year. Tom Lee predicts a steeper bear market in H2 Speaking on CNBC, Bitmine and Fundstrat chairman Tom Lee said markets could still see an […]
Key highlights: BlackRock has launched BITA, a Bitcoin Income ETF that generates monthly payouts by selling covered call options. The new fund will combine spot Bitcoin and IBIT exposure. BITA will compete with existing sector players while Goldman Sachs is inching closer to bringing its version to the market. Wall Street pushes deeper into crypto […]