The post BlackRock’s IBIT sells $355M in Bitcoin appeared on BitcoinEthereumNews.com. Key Takeaways The iShares Bitcoin Trust (IBIT) from BlackRock saw over $355 million exit the fund on Thursday. Flows into US spot Bitcoin ETFs turned negative again on Thursday, with most funds posting outflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded more than $355 million in net outflows on November 20, according to Farside Investors. Withdrawals for the week have reached approximately $964 million so far, including a record $523 million on Tuesday. Spot Bitcoin ETFs in the US posted net outflows of around $903 million on Thursday, reversing the prior day’s inflow. IBIT, Grayscale’s GBTC, and Fidelity’s FBTC accounted for the bulk of the withdrawals. Bitcoin climbed above $92,000 intraday but quickly reversed after US markets opened, sliding below $88,000 and extending its decline to $85,400, per CoinGecko. Source: https://cryptobriefing.com/bitcoin-etf-outflows-blackrock-ibit-355-m/The post BlackRock’s IBIT sells $355M in Bitcoin appeared on BitcoinEthereumNews.com. Key Takeaways The iShares Bitcoin Trust (IBIT) from BlackRock saw over $355 million exit the fund on Thursday. Flows into US spot Bitcoin ETFs turned negative again on Thursday, with most funds posting outflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded more than $355 million in net outflows on November 20, according to Farside Investors. Withdrawals for the week have reached approximately $964 million so far, including a record $523 million on Tuesday. Spot Bitcoin ETFs in the US posted net outflows of around $903 million on Thursday, reversing the prior day’s inflow. IBIT, Grayscale’s GBTC, and Fidelity’s FBTC accounted for the bulk of the withdrawals. Bitcoin climbed above $92,000 intraday but quickly reversed after US markets opened, sliding below $88,000 and extending its decline to $85,400, per CoinGecko. Source: https://cryptobriefing.com/bitcoin-etf-outflows-blackrock-ibit-355-m/

BlackRock’s IBIT sells $355M in Bitcoin

Key Takeaways

  • The iShares Bitcoin Trust (IBIT) from BlackRock saw over $355 million exit the fund on Thursday.
  • Flows into US spot Bitcoin ETFs turned negative again on Thursday, with most funds posting outflows.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded more than $355 million in net outflows on November 20, according to Farside Investors. Withdrawals for the week have reached approximately $964 million so far, including a record $523 million on Tuesday.

Spot Bitcoin ETFs in the US posted net outflows of around $903 million on Thursday, reversing the prior day’s inflow. IBIT, Grayscale’s GBTC, and Fidelity’s FBTC accounted for the bulk of the withdrawals.

Bitcoin climbed above $92,000 intraday but quickly reversed after US markets opened, sliding below $88,000 and extending its decline to $85,400, per CoinGecko.

Source: https://cryptobriefing.com/bitcoin-etf-outflows-blackrock-ibit-355-m/

Market Opportunity
Intuition Logo
Intuition Price(TRUST)
$0.116
$0.116$0.116
+2.74%
USD
Intuition (TRUST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.