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Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles
BlackRock's IBIT has lost $300 million as demand for bitcoin declines. The fund's value drop is attributed to reduced interest in the cryptocurrency.
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Adjacent reporting
- Live markets: bitcoin's plunge continues, putting February $60,000 low back in play
- Live markets: Bitcoin gives up all of May's gains, slipping below $77,000
- Bitcoin retreats below $80,000, liquidating $300 million in futures bets
- Bitcoin has shed $5,000 within days. The data says this selloff could worsen
- Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion