BlackRock dumps more Bitcoin despite BTC recovery

IBIT Bitcoin ETF Outflows of $2.2B No Concern, Says Bloomberg Expert

Key Insights: Bloomberg’s Eric Balchunas says the outflows from BlackRock Bitcoin ETF (IBIT) are not alarming. IBIT’s withdrawals of $2.2B represent only about 3% of AUM, with 97% of investors remaining despite a 35% BTC drawdown. Despite recent selling pressure and a 25% monthly decline in IBIT’s share price, short interest has dropped back to April levels. BlackRock Bitcoin ETF (IBIT) has been leading most of the outflows from the BTC funds, …

BlackRock dumps more Bitcoin despite BTC recovery

BlackRock’s spot Bitcoin ETF, IBIT, has continued to register net outflows this week, signaling persistent profit-taking even as Bitcoin (BTC) stages a short-term rebound. The latest ETF flow data shows that IBIT shed $149.1 million on November 24, followed by an additional $83 million inflow on November 25, leaving the fund with a net weekly outflow of more than $66 million across the two days tracked. Total Bitcoin spot ETF net inflow. Source:…

$2.2B Leaves BlackRock Bitcoin ETF in Biggest Monthly Outflow ETHNews

BlackRock’s iShares Bitcoin Trust (IBIT) has just recorded its largest monthly outflow since launch, with a total of $2.2 billion exiting the product in November. The chart shows a dramatic reversal compared to earlier months of steady inflows, signaling a major shift in investor behavior as the year closes. After a period of consistent growth throughout early and mid-2024, including several months with strong inflows, IBIT’s momentum began to f…