BlackRock Experiences Record $463M Bitcoin Outflow
- BlackRock clients sold $463 million in Bitcoin in a single day, marking the largest outflow recorded for its IBIT Bitcoin ETF.
- The selloff reflects institutional investors’ efforts to manage risk amid volatile market conditions.
- Investors are rebalancing portfolios by reducing Bitcoin positions as market dynamics change.
- US-listed spot Bitcoin ETFs experienced net outflows of approximately $492 million on November 14.
Institutional investors sold off $463 million from BlackRock’s IBIT Bitcoin ETF, the largest single-day outflow recorded. This move is part of broader portfolio adjustments amid volatile markets, with US-listed spot Bitcoin ETFs seeing significant outflows as well.
Source (3.2)https://cryptobriefing.com/blackrock-bitcoin-record-outflow/?rand=59535
