Investors pull record $523 million from BlackRock's flagship bitcoin ETF

FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.

Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.