BlackRock’s IBIT sells $355M in Bitcoin
Crypto Briefing
BlackRock's IBIT experienced over $355 million in net outflows on Thursday, contributing to overall negative flows in US spot Bitcoin ETFs.Summary
BlackRock's iShares Bitcoin Trust (IBIT) saw significant investor withdrawals on Thursday, November 20, recording over $355 million in net outflows, according to Farside Investors. This contributed to a broader trend, as US spot Bitcoin ETFs collectively experienced net outflows of about $903 million on the same day, reversing the previous day's inflows. For the week, IBIT's withdrawals have totaled approximately $964 million, which includes a record $523 million outflow on Tuesday. These large investor withdrawals coincided with renewed downward pressure on Bitcoin prices, which climbed above $92,000 intraday but subsequently fell below $88,000 and extended its decline to $85,400.
(Source：Crypto Briefing)