IBIT clients caused the large Bitcoin fund outflow
Photo: The Currency Analytics
Community Trust Score Verified 84 % Real Verified 32 votes Updated 41 seconds ago BlackRock’s iShares Bitcoin Trust (IBIT) recorded a $405.3 million net outflow on November 2, a move that triggered widespread claims on social media that the asset manager was selling Bitcoin. BlackRock is not trading for itself; the outflow resulted from clients redeeming their shares. The distinction matters for market mechanics. Spot Bitcoin exchange-traded funds hold BTC directly. When investors redeem shares, the fund must release coins to match the reduced share count.
Source: The Currency Analytics
