Bitcoin ETF outflows total $398.6M as BlackRock’s fund loses $405.3M

BlackRock’s iShares Bitcoin Trust (IBIT) lost $405.3 million on Monday, its biggest daily withdrawal since June, leading Bitcoin ETF outflows as US-listed spot funds opened November in negative territory. Farside Investors data put the group’s net withdrawals at $398.6 million . IBIT’s daily loss was the largest since June 26, when investors withdrew $444.5 million. Fidelity’s Wise Origin Bitcoin Fund moved in the opposite direction on Monday, attracting $6.7 million and partially offsetting BlackRock’s withdrawals. The latest Bitcoin ETF outflows followed a negative October, when US spot funds lost a net $515 million .

Source: The Cryptonomist