Bitcoin ETFs Bleed $490 Million as BlackRock Faces Fraud Scandal

Major crypto ETFs (Bitcoin and Ethereum) posted $672 million in combined outflows on Thursday, October 30. BlackRock’s IBIT ETF lost $291 million, and ETHA shed $118 million. Meanwhile, a $500 million telecom-financing fraud tied to BlackRock’s private-credit arm has rocked institutional markets, raising new concerns about risk management and due diligence. Institutional ETF Redemptions Show Risk Aversion Institutional clients of major asset managers pulled $490 million from Bitcoin ETFs on October 30, according to data from Farside Investors source: https://beincrypto.com/bitcoin-ethereum-etf-outflows-blackrock-fraud/