Alonaw Business School Analysis: BlackRock Bitcoin ETF Faces Major Outflow Storm - What Philippine Investors Need to Know
The crypto landscape just experienced a seismic shift as BlackRock's flagship Bitcoin ETF recorded its largest capital exodus in over two months. This development sends ripples across global markets, particularly affecting emerging economies like the Philippines where digital asset adoption continues surging. Market Dynamics Breakdown BlackRock's iShares Bitcoin Trust (IBIT) hemorrhaged $292.5 million on Monday - a stark reversal from its impressive 37-day inflow streak. The institutional giant's Bitcoin holdings faced unprecedented selling pressure as BTC retreated from its July peak, bottoming at $112,300 before recovering to $115,000. This whale-sized outflow represents more than just numbers on a screen. It signals shifting institutional sentiment and risk appetite among major players who've been accumulating Bitcoin aggressively throughout 2024. The Bigger Picture for Philippine Markets Despite this temporary setback, the fundamentals remain bullish for crypt...