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BlackRock’s cryptocurrency exchange-traded funds (ETFs) recorded more than $650 million in combined outflows over the past five trading days.
BlackRock's ETFs saw over $650 million in outflows during five trading days in mid-May.
KEY POINTS
- IBIT, BlackRock's Bitcoin ETF, lost $284.7 million in a single day on May 13.
- BlackRock's ETHA Ethereum ETF experienced $102 million in outflows on May 12 alone.
- Combined Bitcoin and Ethereum ETF outflows for BlackRock totaled approximately $653.9 million during the week.
- The Digital Asset Market Clarity Act advanced in the Senate Banking Committee on May 14, clarifying crypto oversight.
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