Bitcoin Slide Spurs Record Withdrawals From BlackRock’s IBIT

Investors pulled more than half a billion dollars from BlackRock Inc.’s iShares Bitcoin Trust, the largest single-day outflow since the fund’s debut, and the latest blow to a digital-assets market already short on confidence.

BlackRock saw $523 million in outflows from the exchange-traded fund on Tuesday, marking a fifth straight day of net redemptions, according to data compiled by Bloomberg.