Big news about Bitcoin! People who own Bitcoin through special investment funds called ETFs are taking their money out. Think of ETFs like a shared piggy bank for Bitcoin. This happened for seven days in a row!
- Lots of people pulled their money out of Bitcoin ETFs.
- BlackRock's IBIT fund saw the biggest loss.
- Even though people are taking money out, most still believe in Bitcoin.
| Fact | Number |
|---|---|
| Total money pulled out of Bitcoin ETFs this week | Over $1 Billion |
| Money pulled out of BlackRock's IBIT fund | $418 million |
| Total money invested in Bitcoin ETFs (despite outflows) | $37 billion |
Even though this sounds bad, experts say Bitcoin is still strong and will likely continue to be around. It's like a rollercoaster; sometimes it goes up, sometimes down!
