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Why Is Bitcoin Crashing This Week?
- U.S. spot Bitcoin ETFs recorded five consecutive days of net outflows through November 11, shedding nearly $1.44 billion as investors reduced exposure to digital assets.
- BlackRock's iShares Bitcoin Trust drove the selling pressure, accounting for roughly $1.73 billion in net outflows over the eight-session streak since October 30.
- On Wednesday, investors pulled $269.7 million from IBIT alone, accounting for roughly 90% of the day's $300 million in net withdrawals across U.S. spot Bitcoin ETFs.
- Bitcoin struggled to reclaim the $75,000 level, trading near $73,500 as cryptocurrency liquidations exceeded $1 billion during the market downturn.
- Despite near-term ETF exits, major institutions including Barclays and Citigroup increased crypto holdings in Q3, with Barclays raising IBIT stakes 48% and Citi opening a new $119 million FBTC position.
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58 Articles
Bitcoin slips towards two-month low as ETF outflows deepen - London Business News
Bitcoin edged lower on Monday, trading close to a two-month low as outflows from spot ETFs continued. ETF funds recorded net outflows of USD 411 million on Friday, a second… The post Bitcoin slips towards two-month low as ETF outflows deepen appeared first on London Business News
Coverage Details
Total News Sources58
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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