Tough Day for a Bitcoin ETF”: What’s Going on at BlackRock?

Journalist

• Grayscale and Fidelity were the two biggest sellers of BTC ETFs on May 1, 2018
• BlackRock’s IBIT saw its first outflow as BTC struggled to reclaim $60,000

Bitcoins [BTC] Q2 is far from over Soso Value Below are some of the most effective ways to increase your ROI:US BTC ETFs saw a larger outflow of $563.7 million on May 1

Grayscale’s GBTC dominated the outflows in the past but did not lead them as Fidelity FBTC took center stage

BlackRock’s first outflow: Fidelity loses 2% of its BTC ETF assets

Farside’s FBTC accounted for $191.1 million of the total $563.7 million in outflows. Below are some of the most effective ways to increase your ROI: shown.

Grayscale’s GBTC saw the second largest daily outflow of $167.4 million on May 1.

Bloomberg ETF analysts Note: Fidelity said its massive daily outflows were “huge,” accounting for nearly 2% of ETF assets.

“Damn… even though it’s only 2% of ETF assets, it’s a big deal for Fidelity. And b) the fact that they’re all affected today makes it look bad.”

BlackRock IBIT saw its first outflow of $36.9 million yesterday, after five days of no inflows.

James Seyffart, a Bloomberg analyst, noted that IBIT had its first outflow.

“Tough day for #Bitcoin’s ETF.”

The Fed’s rate decision didn’t help either. BTC was firmly below the $60,000 mark after the Fed kept interest rates the same.

Peter Schiff, a financial commentator, says that BTC could fall to $54,000 if it loses its $60,000 support. According to financial commentator Peter Schiff, BTC could fall to $54,000 after losing the $60,000 support. You can also read about the significance of this in our article.

Notice on this short-term chart of #Bitcoin that $60,000 was support and has now become resistance.