BlackRock ETF clients sold $104.97 million worth of Bitcoin
Photo: Crypto Briefing
BlackRock’s iShares Bitcoin Trust (IBIT) clients have reportedly sold approximately $104.97 million worth of Bitcoin, according to a social media source. This significant outflow from the spot Bitcoin ETF highlights ongoing investor withdrawals from the fund. The sale follows previous substantial outflows, including a $405.3 million outflow reported on November 2. This trend may reflect a shift in sentiment among BlackRock’s ETF clients, leading to reduced holdings of Bitcoin within the ETF. This development could influence market perceptions about Bitcoin’s price trajectory in the short term.
Source: Crypto Briefing
