Bitcoin Spot ETFs Record $187 Million Net Outflow Led by BlackRock’s IBIT
According to SoSoValue data, Bitcoin spot ETFs posted sizable net outflows, with BlackRock’s IBIT leading withdrawals amid continued market volatility.
BTC
Summary
Bitcoin spot ETFs recorded a $255 million net outflow on November 17, according to SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) saw the largest withdrawal at $146 million, followed by Grayscale’s GBTC with $34.52 million outflows. Total assets across Bitcoin spot ETFs stand at $1.2101 trillion, reflecting notable investor pullback despite the sector’s scale.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, allowing investors to gain exposure without directly holding the cryptocurrency.
- iShares Bitcoin Trust (IBIT): A Bitcoin-focused exchange-traded fund by BlackRock that enables investors to gain exposure to Bitcoin through a regulated financial instrument.