BlackRock IBIT Outflows Hit $1.66B Over Seven Sessions

BlackRock IBIT outflows recorded its seventh straight day of outflows totaling $1.66 billion. US spot Bitcoin ETFs lost $201 million Monday as year-to-date flows turn negative. US spot Bitcoin exchange-traded funds continued to lose assets on Monday, w ith BlackRock’s iShares Bitcoin Trust (IBIT) posting its seventh consecutive session of net withdrawals. The largest US Bitcoin ETF by assets recorded $213 million in outflows, bringing its cumulative redemptions since October 30 to $1.66 billion, according to data from Farside Investors. Across the broader complex, net outflows totaled $201 million. Morgan Stanley’s Bitcoin Trust ETF (MSBT) attracted $22 million in inflows, partially offsetting the wider selling. Over the past six trading sessions, US spot Bitcoin ETFs have seen roughly $1.5 billion leave the products.

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