BlackRock’s IBIT posts largest daily outflow since June
BROBROK News · Based on reporting by Cointelegraph ·
BlackRock’s iShares Bitcoin Trust saw its biggest daily withdrawal since June 26 as US spot Bitcoin ETFs started November with fresh redemptions. According to Farside Investors, the group posted $398.6 million in net outflows, with IBIT accounting for $405.3 million and Fidelity’s FBTC partly offsetting the decline.
Key points
- IBIT saw $405.3 million leave the fund on Monday.
- US spot Bitcoin ETFs posted $398.6 million in net outflows.
- Fidelity’s FBTC brought in $6.7 million, helping offset losses.
- The withdrawals followed $515 million in October net outflows.
- Spot Ether ETFs also recorded about $140 million in outflows.
Why it matters
The data points to short-term pressure on crypto ETF demand amid heightened market volatility. It also shows how large fund flows can react quickly to security-related shocks without necessarily signaling a broader exit from digital assets.
Original headline: “BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.