BlackRock’s iShares Bitcoin ETF Thrives Amid Market Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) stands out as a successful player in a challenging climate for Bitcoin exchange-traded funds (ETFs). On January 13, the Bitcoin ETF sector faced significant net outflows totaling $284.1 million over three consecutive days. Despite this, BlackRock’s fund continues to gain traction, expanding into the Canadian market.