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Bitcoin ETF posts record outflow amid crypto bear market
The biggest bitcoin exchange-traded fund in the U.S. is in a slump after investors bailed from the ETF like never before, as the cryptocurrency struggles in a bear market. Investors pulled $1.6 billion from the iShares Bitcoin Trust ETF IBIT from Oct. 30 through Nov. 17, including a record daily outflow of about $447 million on Monday, said Aniket Ullal, head of ETF research and analytics at CFRA Research, in a phone interview. Those outflows began the day after the Federal Reserve concluded its policy meeting on Oct. 29 with Fed Chair Jerome Powell's message that another interest-rate cut this year was not a ... (full story)
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