BlackRock's IBIT bleeds $523M in its biggest one-day outflow
Key Takeaways
- Investors pulled $523 million out of BlackRock's IBIT on Tuesday.
- This move is part of a broader trend, as institutional investors continue to adjust their portfolios amid volatile crypto market conditions.
BlackRock’s Bitcoin ETF (IBIT) posted $523 million in net withdrawals on November 18, its largest single-day outflow since launch. The fund has recorded large redemptions for five straight days.
The sales reflect broader institutional adjustments amid volatile market conditions. BlackRock’s Bitcoin ETF has been moving assets to exchanges as clients seek to reduce their crypto exposure.
US-listed spot Bitcoin ETFs have experienced consecutive days of outflows due to institutional rebalancing. Major asset managers, including BlackRock, are seeing client-driven Bitcoin sales as investors adjust their portfolios during current market volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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