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BlackRock’s Bitcoin ETF Sees Record $523 Million Outflow Amid Market Turmoil
The iShares Bitcoin Trust (IBIT), BlackRock’s flagship spot Bitcoin ETF, experienced its worst daily capital outflow to date, shedding $523 million on November 18. This marked the fifth consecutive day of net negative flows, highlighting a sharp reversal of sentiment in the digital asset market. The exodus of funds coincided with a steep decline in Bitcoin’s price, which has plunged nearly 30% since its historic peak in October and recently fell below $91,000 its lowest level since April. This massive outflow represents a causal reaction to Bitcoin’s technical breakdown, triggering broad sell-offs not just from ... (full story)