BlackRock’s spot bitcoin exchange-traded fund is having its worst month ever as its underlying asset suffers its largest monthly decline in more than three years. The iShares Bitcoin Trust ETF has recorded $2.2 billion in outflows this month, as of Monday, FactSet data shows. That’s nearly eight times the $291 million in losses suffered by the investment vehicle last October, or its second-worst month on record since its debut in early 2024. The outflows come as bitcoin is bleeding. The digital asset was last trading at $87,907.10 — down more than 20% over the past month and off more than 40% from its high of just ... (full story)