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BlackRock’s Bitcoin ETF faces two-week outflow trend

BlackRock’s iShares Bitcoin Trust witnessed negative outflows for the first consecutive two-week span. Meanwhile, U.S. Spot Bitcoin ETFs have rebounded, reporting $245 million inflow after a previous $388 million outflow.

In contrast to Bitcoin, spot Ethereum ETFs like BlackRock’s iShares Ethereum Trust [ETHA] recorded an influx of $216 million over two weeks. Despite a $38 million outlay, ether’s overall asset value ROSE due to Ethereum’s price gains.

Overall, BlackRock’s iShares Bitcoin Trust has remained dominant, boasting a net asset value of $54.3 billion, outpacing competitors like Fidelity and Grayscale. However, BlackRock marked its largest daily asset drop last Thursday since its inception.

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