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/