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BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June

Headline from Cointelegraph

Image: Cointelegraph

Key points

  • BlackRock's spot Bitcoin exchange-traded fund, IBIT, recorded $405.3 million in net outflows on Monday.
  • This marks the largest single-day withdrawal for the fund since June.
  • The broader market for United States spot Bitcoin funds also experienced significant selling pressure, opening the month of November with total net outflows reaching nearly $399 million across all products.

Summarized automatically by Kryptokite from reporting by Cointelegraph. Read the original sources for full detail.

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Sources

  • CointelegraphBlackRock’s IBIT sees biggest Bitcoin ETF outflows since June · 2 hours agoRead on Cointelegraph

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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.

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