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Crypto US Stocks

Bitcoin ETFs Shed $2.35B in Two Weeks as BlackRock’s IBIT Outflows Hit 11 Days

US spot Bitcoin ETFs posted $185.4 million in net outflows on Friday, extending a two-week drawdown to $2.35 billion. BlackRock’s IBIT accounted for $143.5 million of Friday’s redemptions, marking its 11th straight day of outflows, while Fidelity’s FBTC shed $41.9 million.

Original source

AI take

The persistence of the streak at the largest issuer is the more telling signal than the headline total: when the biggest, most liquid fund bleeds for eleven consecutive sessions, it points to sustained repositioning rather than a single risk-off day. The concentration of redemptions in IBIT and FBTC means the pressure sits with the two dominant vehicles, while the rest of the complex contributes comparatively little. Whether the streak breaks or broadens to smaller issuers is the open question for gauging whether this is a durable shift in flows or a temporary one.

Generated by AI for reference only.

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