IBIT Sees Record Outflow, Bitcoin Drops

BlackRocks iShares Bitcoin Trust, IBIT, experiences record outflow of over $1.4 billion, marking a five-day streak of investors leaving the fund. Bitcoin hits seven-month low, trading around $89,200, down 4% year-to-date. Prediction markets now show a 28% chance of Bitcoin reaching $115,000, with a higher likelihood of falling to $85,000. Other Bitcoin ETFs also see losses, while newer Solana funds gain investments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.