Bitcoin ETFs See $410M Outflows as BlackRock Rings NYSE Bell
BlackRock-managed Bitcoin ETFs experienced net outflows of $410 million yesterday following bitcoin’s drop below $66,000, marking the largest single-day pullback since their January launch. Separately, BlackRock’s Black Professional & Allies Network rang the NYSE opening bell to celebrate U.S. Black History Month.
1. Bitcoin ETF Outflows
Investors pulled $410 million from Bitcoin ETFs yesterday after bitcoin slipped below $66,000, the steepest one-day redemption since ETFs launched in January. The outflows reflect growing profit-taking and caution amid volatility in crypto markets, with major issuers—including BlackRock’s iShares Bitcoin Trust—seeing redemptions across exchanges.
2. NYSE Opening Bell Ceremony
BlackRock’s Black Professional & Allies Network rang the NYSE opening bell on February 13 to honor U.S. Black History Month. The event featured NYSE floor decorations and remarks by BlackRock leaders, underscoring the firm’s commitment to diversity and inclusion initiatives.