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BlackRock's IBIT sells $355M in Bitcoin

BlackRock's IBIT sells $355M in Bitcoin

Cryptobriefing2025/11/21 05:33
By:Cryptobriefing

Key Takeaways

  • The iShares Bitcoin Trust (IBIT) from BlackRock saw over $355 million exit the fund on Thursday.
  • Flows into US spot Bitcoin ETFs turned negative again on Thursday, with most funds posting outflows.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded more than $355 million in net outflows on November 20, according to Farside Investors. Withdrawals for the week have reached approximately $964 million so far, including a record $523 million on Tuesday.

Spot Bitcoin ETFs in the US posted net outflows of around $903 million on Thursday, reversing the prior day’s inflow. IBIT, Grayscale’s GBTC, and Fidelity’s FBTC accounted for the bulk of the withdrawals.

Bitcoin climbed above $92,000 intraday but quickly reversed after US markets opened, sliding below $88,000 and extending its decline to $85,400, per CoinGecko.

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