Analysis: The sharp drop in Bitcoin triggered a chain reaction, with BlackRock's ETFs experiencing record redemptions.

Odaily Planet Daily reports that investors withdrew over $500 million from BlackRock's iShares Bitcoin Trust, marking the largest single-day outflow since the fund's inception. Data shows that the exchange-traded fund saw a net outflow of $523 million on Tuesday, marking the fifth consecutive day of net redemptions and setting a new all-time high. (Jinshi)