BlackRock's IBIT Bitcoin ETF Sees Record $2.7 Billion Exodus

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BlackRock Inc. (NYSE:BLK) is seeing persistent withdrawals from its iShares Bitcoin Trust (NASDAQ:IBIT) as investors pulled more than $2.7 billion over five consecutive weeks. Largest Outflow Stretch Since IBIT's Launch IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday. Bloomberg data shows more than $2.7 billion left the fund over the five ...