
BlackRock's iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF with a net asset value of $54.3 billion, recorded its first-ever two-week streak of weekly net outflows. Despite a record single-day outflow on Thursday, IBIT reversed the trend on Friday with $253 million in inflows, aligning with Bitcoin's price recovery and the 16th anniversary of the Genesis Block. Why do you think there has been an outflow streak recently? Source: The Block
