BlackRock’s Bitcoin and Ethereum ETFs Bleed Over $500 Million in Massive Market Exodus
Wall Street's crypto darling gets a reality check as institutional investors pull the plug.
The Great Unwinding
BlackRock's flagship crypto products just got hammered with half a billion dollars in outflows—because nothing says 'digital gold' like a good old-fashioned bank run. The iShares Bitcoin Trust and Ethereum ETF, once hailed as the gateway to mainstream adoption, are now leading the charge... straight for the exits.
Institutional Cold Feet
Turns out even the suits get spooked when volatility rears its head. The $500 million hemorrhage signals more than just cold feet—it's a full-blown retreat from crypto's front lines. Who could have predicted that pairing blockchain with traditional finance would create... traditional finance problems?
Same game, different casino.