BlackRock BTC Spot ETF Net Inflow Drops to Zero as Consecutive Inflow Record Ends

IconCrypto News Terminal25 Apr, 2024

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BlackRock BTC Spot ETF Net Inflow Drops to Zero as Consecutive Inflow Record Ends

BlackRock's Bitcoin spot exchange-traded fund (ETF) saw its net inflow fall to zero on Thursday, ending a 72-day streak of consecutive inflows. This marks a significant shift in investor sentiment toward the digital asset as broader market conditions remain volatile. Previously on April 24, 2024, the BlackRock BTC Spot ETF had reached an all-time high in net inflows, driven by increasing interest from institutional investors. However, the recent decline in inflow suggests a potential shift in market sentiment, as macroeconomic factors and regulatory uncertainties continue to weigh on the cryptocurrency space.