BlackRock's IBIT sees $405.3M in outflows

CIE News ·

Based on reporting by Cointelegraph; not yet independently confirmed.

BlackRock's spot Bitcoin ETF, IBIT, saw $405.3 million in outflows on November 2, marking its largest single-day withdrawal since June 26, according to Cointelegraph.

BlackRock's spot Bitcoin (BTC) exchange-traded fund, IBIT, posted $405.3 million in outflows on November 2, Cointelegraph reported. The withdrawal marked the fund's largest daily outflow since June 26. The redemption occurred as United States spot Bitcoin ETFs collectively started November with nearly $399 million in net outflows, following a $515 million outflow streak across October.

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