BlackRock’s Bitcoin ETF Faces Record $523M Outflow
- Investors withdrew $523 million from BlackRock’s Bitcoin ETF (IBIT) on November 18, marking its largest single-day outflow since launch.
- The fund experienced significant redemptions for five consecutive days.
- This trend is part of broader institutional portfolio adjustments amid volatile crypto market conditions.
- BlackRock’s Bitcoin ETF has been transferring assets to exchanges as clients reduce their crypto exposure.
- US-listed spot Bitcoin ETFs have seen consecutive outflows due to institutional rebalancing efforts.
The recent $523 million withdrawal from BlackRock’s Bitcoin ETF highlights a broader trend of institutional investors adjusting their portfolios in response to ongoing market volatility.
Source (3.2)https://cryptobriefing.com/blackrock-clients-sell-513m-bitcoin/?rand=59535
