BlackRock Bitcoin and Ethereum investment products(ETF) recorded huge withdrawals as investors prepared for another important US CPI report. The asset manager’s iShares Bitcoin Trust (IBIT) recorded $213.2 million in outflows. Its iShares Ethereum Trust (ETHA) lost another $119.3 million.

Combined, the two funds shed approximately $332.5 million in a single session. The withdrawals came hours before the October Consumer Price Index (CPI) report, which could influence expectations for another Federal Reserve interest rate increase.

BlackRock Bitcoin ETF Outflows Come Before CPI

Bitcoin ETF Flow, Coinglass

The latest withdrawals extend a difficult period for crypto investment products. US…