BlackRock IBIT leads massive outflow in US Bitcoin ETFs

Community Trust Score Likely Real 75 % Real Likely Real 8 votes Updated 5 minutes ago US spot Bitcoin ETFs recorded a net $411.9 million outflow on November 6, according to data from Farside Investors. The majority of this selling pressure was concentrated in BlackRock’s IBIT fund, which accounted for $403 million in net redemptions during the session. The November 6 figures mark a significant reversal from the calmer periods in which ETF creations helped absorb supply. This outflow brings the total withdrawals for November’s first five trading sessions to approximately $1.28 billion.

Source: The Currency Analytics