• BlackRock’s IBIT Sees Average Investor Down 40% Amid Bitcoin Drop

    BlackRock’s IBIT Sees Average Investor Down 40% Amid Bitcoin Drop

    Average IBIT investor swung from a 30% gain to a 40% loss after Bitcoin’s sharp decline. Most IBIT investors bought near Bitcoin’s peak, raising the fund’s average purchase price. Bitcoin ETF outflows and weaker sentiment continue pressuring institutional crypto investments. BlackRock’s iShares Bitcoin Trust (IBIT) has seen the average investor fall into a 40% loss…