Major Outflows Hit BlackRock, Fidelity as Crypto Funds Retreat

[lingriiddd]

US crypto funds saw $1.8B in outflows last week, with BlackRock’s iShares ETF losing $951M, followed by Fidelity at $469M and Grayscale at $270M. Despite the broad pullback, some issuers like Volatility Shares and ProFunds recorded gains of $83M and $37M.

Short-Bitcoin ETPs saw small inflows of $500K, indicating persistent market caution. Overall, the week reflects sideways trading and a market still grappling with bearish sentiment, even as select altcoins buck the trend.

[tradelikepro]

blackrock losing nearly a billion alone lol big money moving fast