BlackRock Bitcoin ETF Sees Record $523 Million Outflow as BTC Drops Below $90,000

Investors pulled approximately $523 million from BlackRock‘s iShares Bitcoin Trust (IBIT) on Nov. 18, marking the fund’s largest outflow since its debut in January 2024, according to data from Farside Investors. This significant withdrawal comes amid a broader decline in Bitcoin prices, which recently reached a seven-month low. The ETF price rose slightly at the beginning of Nov. 19, but at the time of publication, it was down by more than 3%. Five Straight Days of Net Redemptions on IBIT The record out ...