BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June

BlackRock’s Bitcoin ETF shed $405.3 million on Monday as US spot Bitcoin funds opened November with nearly $399 million in net outflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest daily outflow since June on Monday as US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off November with further withdrawals. The funds recorded $398.6 million in net outflows, led by $405.3 million from IBIT, according to Farside Investors data. IBIT’s outflow was its largest since June 26, when investors pulled $444.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $6.7 million on Monday, partially offsetting the outflows.