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BlackRock’s Bitcoin ETF Options Rank Ninth in U.S. Market with Over 7.7M Contracts

BlackRock’s Bitcoin ETF Options Rank Ninth in U.S. Market with Over 7.7M Contracts

BlackRock’s IBIT faces sustained investor withdrawals, recording over $2.7 billion in outflows over five weeks ending Nov. 28 and continuing into early December.

BTC

Summary

BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), recorded more than $2.7 billion in net outflows during the five weeks to November 28, marking its longest streak of withdrawals since launch. Additional outflows on December 1 and 4 indicate a likely sixth consecutive week of declines, highlighting ongoing selling pressure from investors.

Terms & Concepts
  • IBIT: BlackRock’s iShares Bitcoin Trust, a spot Bitcoin ETF providing institutional and retail indirect access to Bitcoin.
  • ETF: An exchange-traded fund that trades on stock exchanges, designed to track the performance of a specific index, commodity, or asset.
  • Spot ETF: An ETF that directly holds the underlying asset, in this case Bitcoin, rather than derivatives.