Volatility

Blackrock’s spot bitcoin ETF faces its worst month amid Bitcoin’s sharpest monthly drop in over three years. The iShares Bitcoin Trust ETF saw $2.2 billion in outflows. Bitcoin’s price has fallen over 20% this month, driven by speculative capital exiting the market. Investors are shifting to safer assets like gold due to economic uncertainty. Experts suggest this pullback is focused on the “gambling” aspect of the market, affecting newer entrants particularly. However, institutional investors may dampen volatility as the asset class matures.