Update
BlackRock ETF Clients Sell Bitcoin
BlackRock’s iShares Bitcoin Trust (IBIT) clients have reportedly sold approximately $104.97 million worth of Bitcoin, according to a social media source. This significant outflow from the spot Bitcoin ETF highlights ongoing investor withdrawals from the fund. The sale follows previous substantial outflows, including a $405.3 million outflow reported on November 2. This trend may reflect a shift in sentiment among BlackRock’s ETF clients, leading to reduced holdings of Bitcoin within the ETF.