Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles
BlackRock's IBIT has lost $300 million in outflows as bitcoin demand dwindles, with other funds partly offsetting the loss. The outflow comes as risk appetite surges elsewhere, with Wall Street's technology rally spreading into Asia. The Asian benchmark is on track for its biggest quarterly gain in almost 17 years, driven by a semiconductor rebound and AI infrastructure spending.
- ▪U.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock's IBIT accounting for $300 million of outflows.
- ▪The MSCI Asia Pacific index is up 1% on the year's final trading day, driven by a semiconductor rebound.
- ▪The yen slid to its weakest level against the dollar since 1986, a sign investors are funding the AI trade by borrowing in yen.
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23 minutes ago · 7:01 AMShaurya MalwaShareShare this postCopy linkX iconX (Twitter)LinkedInFacebookEmailBlackRock's IBIT sheds $300 million as bitcoin demand dwindlesU.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock's IBIT accounting for $300 million of outflows that other funds partly offset, including $50 million into ARKB and $35 million into GBTC, per SoSoValue data.The outflow lands as risk appetite elsewhere is surging. Wall Street's technology rally spread into Asia on Tuesday, with the MSCI Asia Pacific index up 1% on the year's final trading day after a semiconductor rebound helped the S&P 500 snap a five-session losing streak.
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