BlackRock Loses $1 Billion Through Bitcoin ETF

The Bitcoin ETF managed by BlackRock, iShares Bitcoin Trust (IBIT), experienced capital outflows exceeding $1 billion in just five sessions from October 30 to November 5. The largest single-day outflow occurred on November 2, when investors withdrew approximately $405.3 million. Additionally, on October 30, the outflow amounted to $233.7 million, and on November 3, another $95 million was withdrawn. On November 4, the fund lost $201.2 million, and preliminary data for November 5 indicates another $105 million outflow. This totals approximately $1.04 billion in capital withdrawn. The outflows from IBIT are part of a broader issue, as all BTC ETF funds lost $643.2 million on October 30, and $398.6 million on November 2. Despite the difficulties, IBIT remains the leader in cumulative inflows, totaling approximately $65.6 billion net since its launch.

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