NewsNovo
The average holder of IBIT, BlackRock's spot bitcoin ETF, is now sitting on losses of around 40% as spot bitcoin ETF products close out their second-worst week on record.
Friday's session alone saw $444.51 million leave the category, cementing a seventh consecutive week of net outflows — the longest such run these funds have logged since their inception.
Seven Straight Weeks of Selling Marks a Category Record The streak matters because it is not a single bad week being rationalized away — it is a pattern.
Seven consecutive weeks of net redemptions is the longest on record for spot $BTC ETFs as a group, meaning whatever demand surge defined the category's early chapters, the current phase looks categorically different.
Keep reading