BlackRock’s IBIT outflowed $292 million on Monday as Bitcoin continued to recover from weekend volatility.
BlackRock’s US-listed Bitcoin fund has just recorded its largest outflow since May as Bitcoin dipped on the weekend and slightly recovered on Monday.
BlackRock’s iShares Bitcoin Trust (IBIT) saw an outflow of $292.5 million on Monday, its largest outflow in two months. There was a minor outflow on Friday last week, ending a 37-day inflow streak.
The reversals come as Bitcoin (BTC) fell further from its July 14 all-time high on the weekend, retreating 8.5% to bottom out at $112,300 on Sunday before recovering to reclaim $115,000 in late trading on Monday.
