BlackRock's bitcoin fund loses $269.73M as nine-day exit passes $2B

BlackRock’s iShares Bitcoin Trust lost $269.73 million on Wednesday, its ninth straight session of withdrawals. The run has now drawn more than $2 billion from the largest U.S. spot Bitcoin fund since Oct. 30. Spot Bitcoin ETFs shed $299.9 million on Wednesday US spot Bitcoin ETFs saw outflows for the fifth straight day on November 11, shedding $299.9 million. IBIT alone accounted for about 90% of the total. Grayscale’s GBTC lost another $39.13 million. The only fund to take in cash was Morgan Stanley’s MSBT, which added $8.96 million for a third straight day of inflows, with the rest posting no flows. Wednesday’s exit was more than triple Tuesday’s $95 million and ended three days of slowing withdrawals. Five sessions since Nov.

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