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BlackRock Bitcoin ETF Shows Negative Returns Despite $26 Billion in Inflows

BlackRock's Bitcoin ETF is the only product showing negative returns among the top 20 global ETFs ranked by fund inflows, even as it has attracted $26 billion and now ranks fourth worldwide by inflows, Odaily Planet Daily reports. The firm's Head of Digital Assets said the pattern suggests Bitcoin is in a phase of heavy turnover alongside long-term accumulation. About 90% of BlackRock's Bitcoin ETF investors are buying the dip, while the remaining 10%, mainly hedge funds, focus on short-term, high-frequency arbitrage trades exploiting basis differentials, the executive added.
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