BlackRock’s IBIT Sees $2B in Outflows Over Nine Trading Days
Weak spot demand and leveraged liquidations drove the withdrawals as competing funds drew smaller inflows and Bitcoin ETF trading volume topped $2.27 billion, SoSoValue said.
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7 Articles
BlackRock leads $300 million Bitcoin ETF outflows as BTC struggles near $73K
U.S. spot Bitcoin exchange-traded funds have recorded $299.9 million in net outflows on November 11, with BlackRock accounting for most of the withdrawals as investors pulled money from the products for a fifth consecutive trading session. According to SoSoValue data,…
BlackRock has now recorded nine consecutive days of capital outflows from its IBIT fund. Another Bitcoin ETF is performing much better. Is this the new leader?
BlackRock Spot Bitcoin ETF Sees $2B Outflows in Nine Sessions
BlackRock’s iShares Bitcoin Trust (IBIT) has become a key drag on US spot Bitcoin ETF flows, with the fund logging more than $2 billion in net outflows across nine straight trading sessions through Wednesday. The latest day’s activity highlights how quickly investor sentiment can shift inside the ETF complex—outflows continued even as broader equities tried [...]
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