BlackRock's bitcoin ETF loses $213M as its outflow streak hits seven days

On Monday, Nov. 9, investors withdrew $213 million from BlackRock’s iShares Bitcoin Trust, the seventh straight day of outflows. The run has since Oct. 30 drained IBIT of about $1.66 billion. Morgan Stanley’s MSBT is the only fund of 12 to draw cash The largest US spot bitcoin ETF by assets is IBIT. Issuer-level redemptions on Monday were $213.2 million. Heaviest days were Nov. 2, $405.3 million; Nov. 6, $403 million. Smallest exit was $95 million, Nov. 3. The rest lost $233.7 million on Oct. 30, $201.2 million on Nov. 4 and $105 million on Nov. 5. Monday’s outflow from IBIT was bigger than the entire category’s loss. US spot Bitcoin ETFs saw outflows for a third straight day, losing $201.08 million as a group.

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