🔴 iShares Bitcoin Trust ETF is trading 5.72% down today on Bitcoin's slide below $70,000 amid ETF outflows and MicroStrategy's first sale since 2022

iShares Bitcoin Trust ETF is trading at $38.17 (-5.72%) as Bitcoin breaks below the $70,000 threshold, dragging the fund lower amid a broader wave of crypto market deleveraging.

• The decline is fueled by MicroStrategy’s first Bitcoin sale since 2022 and a continued trend of outflows from U.S. spot Bitcoin ETFs.
• Market pressure has intensified following renewed concerns over Mt. Gox–linked wallet transfers and the liquidation of more than $800 million in leveraged positions.