Investment Activity - UAE state fund triples its stake in BlackRock Bitcoin ETF [1]

The Abu Dhabi Investment Council more than tripled the size of its position in a Bitcoin exchange-traded fund during the third quarter, shortly before the bull market in cryptocurrencies gave way to a brutal selloff. The firm, an independently-run unit of sovereign wealth fund Mubadala Investment Co., increased its holding in BlackRock Inc.'s iShares Bitcoin Trust ETF to almost 8 million shares as of Sept. 30, according to a regulatory filing. Bloomberg's Ben Scent has more on the story. ...

Core Insights - BlackRock's iShares Bitcoin Trust (IBIT) experienced a record outflow of approximately $523 million on November 18, marking the largest withdrawal since its launch in January 2024, amid a decline in Bitcoin prices [1][2] - November is projected to be the worst month for Bitcoin ETFs, with cumulative outflows exceeding previous monthly records, totaling $1.425 billion in capital lost over five consecutive days of net redemptions [2][6] - Despite the outflows from IBIT, other Bitcoin ETFs like Grayscale Bitcoin Mini Trust and Franklin Templeton's ETF saw inflows of $139.6 million and $10.8 million respectively, indicating a potential shift in investor preference [3] Bitcoin Price Impact - Bitcoin's price has fallen below $90,000, down approximately 30% from its October high of over $126,000, contributing to increased selling pressure in ETFs [4][5] - As of November 19, Bitcoin was trading at $89,620, reflecting a 4.30% decline in a single day, with trading volume down by 42% [4] Investor Behavior - The average purchase price for spot Bitcoin ETF buyers is around $90,146, suggesting that many investors are either breaking even or incurring losses, which may be driving the recent redemptions [5] - Despite the significant withdrawals, BlackRock's iShares Bitcoin Trust remains the largest Bitcoin ETF by assets under management, holding $87.63 billion as of November 19, having accumulated nearly $25 billion from March to October 2025 prior to the sell-off [6]

Core Insights - BlackRock's iShares Bitcoin Trust (IBIT) experienced a record outflow of $523 million in a single day, contributing to a total of over $1.4 billion in outflows over five days, marking the highest total for any consecutive day stretch in its 22-month history [1][6] - Despite the recent outflows, IBIT has seen net inflows of over $25 billion for the year, indicating strong overall interest in the fund [2] - The decline in Bitcoin's value, which recently hit a seven-month low of $89,037, has been influenced by macroeconomic uncertainties, including a prolonged U.S. government shutdown, inflation concerns, and a potential recession [3][4] Fund Performance - IBIT's previous record for outflows was $463 million, with only two other days exceeding $400 million in outflows, highlighting the unusual nature of the current trend [6] - Currently, IBIT manages over $73 billion in assets, significantly outpacing its closest competitor, reflecting increased institutional interest in Bitcoin [7] - Other Bitcoin ETFs, such as Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC), have also faced significant outflows, totaling more than $266 million and $146 million, respectively, over the past five trading days [7] Market Sentiment - A prediction market indicates only a 28% chance that Bitcoin will rise to $115,000 in its next move, suggesting a shift in investor sentiment [5] - IBIT shares have decreased by 3.6% on Wednesday and have fallen over 16% in the past month, reflecting broader market challenges [5] - In contrast, Solana funds have seen positive inflows, with the Bitwise Solana Staking ETF (BSOL) achieving net inflows daily since its inception [8]

Core Insights - The Abu Dhabi Investment Council (ADIC) has significantly increased its investment in Bitcoin by tripling its position in BlackRock's iShares Bitcoin Trust ETF, raising its stake from 2.4 million shares to 8 million shares, valued at approximately $518 million as of September 30, 2025 [1][2][3] Investment Strategy - ADIC views Bitcoin as a long-term store of value, similar to gold, and aims to retain both assets as part of its investment strategy [3] - The initial investment in the iShares Bitcoin Trust ETF was made in February 2025, amounting to $436.9 million [3] Market Context - The increase in ADIC's Bitcoin position occurred just before a significant downturn in the cryptocurrency market, with Bitcoin's value dropping around 20% since the end of September [2][4] - Despite a 6.2% gain in the ETF during the third quarter, substantial outflows and declining digital asset prices have negated these gains, with $3.1 billion exiting US Bitcoin ETFs in November alone [2][4] Institutional Interest - ADIC's investment reflects a broader trend of institutional interest in US-listed spot Bitcoin ETFs, with other investors like Harvard Management Co. also increasing their exposure during the same period [4][5] - Abu Dhabi is emerging as a crypto finance hub, with its sovereign wealth funds managing over $1.7 trillion and engaging in various digital asset investments [5] Market Dynamics - The decision to increase the IBIT stake before the market downturn has raised questions within the investment community regarding the timing and strategy of such investments [6]

（责任编辑：董萍萍 ） 据Onchain Lens监测，贝莱德向Coinbase存入6735枚比特币(价值约6.16亿美元)和64706枚以太坊(价 值约2亿美元)。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

据市场消息，比特币大跌导致贝莱德旗下ETF遭遇创纪录资金赎回。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com （责任编辑：张晓波 ） ...

据Onchain Lens监测，贝莱德向Coinbase存入6735枚比特币(价值约6.16亿美元)和64706枚以太坊(价值约 2亿美元)。 ...

Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its l... ...

Core Insights - BlackRock's iShares Bitcoin Trust experienced a significant outflow of $523 million, marking the largest single-day redemption since its inception, reflecting a lack of confidence in the digital assets market [1] - Bitcoin's price fell nearly 30% from its all-time high in October, reaching its lowest point since April, which has contributed to the overall downturn in the cryptocurrency market [2][3] - The broader cryptocurrency market has not recovered from a significant loss on October 10, which wiped out approximately $19 billion in leveraged bets [3] Company-Specific Insights - The iShares Bitcoin Trust has seen a total of over $3 billion in outflows in November, with nearly $2 billion coming from IBIT alone, indicating a bearish trend for the fund [4] - IBIT, the largest spot Bitcoin ETF, has attracted over $72 billion in assets since its launch in January 2024, with nearly $26 billion in inflows this year, but recent outflows are raising concerns about market confidence [5] - BlackRock has not provided comments regarding the recent outflows from its Bitcoin ETF [4] Market Trends - The decline in Bitcoin prices has resulted in collective losses for investors in the 12 US spot Bitcoin ETFs, further exacerbating the negative sentiment in the market [4] - Traders are increasingly purchasing downside protection against Bitcoin falling to $80,000 by December 26, reflecting concerns about the macroeconomic environment and its impact on market sentiment [6]