
As you know, the market experienced high volatility yesterday, resulting in over $1.2 billion in liquidations and a 17% dip in Bitcoin’s price. Despite this, investors in BlackRock’s spot Bitcoin ETF remained unfazed, with no net outflows reported. Bloomberg's Eric Balchunas said that baby boomer investors in IBIT were stable compared to crypto "degens." The ETF, the largest of its kind, has seen over $20 billion in flows since its January launch. All spot Bitcoin and Ethereum ETFs had nearly $6 billion in trading volume on August 5. IBIT had over half that total trading volume. Source: DL News & Cointelegraph