BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June

What happened: BlackRock's iShares Bitcoin Trust (IBIT) recorded its largest daily outflow since June on Monday, as US spot Bitcoin ETFs opened November with net withdrawals. Key numbers: IBIT shed $405.3 million, its largest since June 26 ($444.5 million). US spot Bitcoin ETFs saw $398.6 million in net outflows. Fidelity's FBTC took in $6.7 million. Why it matters: The withdrawals came amid broader crypto market volatility following the $6.3 billion Binance hack. Edwin Mata of Brickken said investors reduce exposure when uncertainty rises rather than rejecting digital assets.

BlackRock's iShares Bitcoin Trust (IBIT) recorded its largest daily outflow since June on Monday, as US spot Bitcoin ETFs opened November with net withdrawals.

The withdrawals came amid broader crypto market volatility following the $6.3 billion Binance hack. Edwin Mata of Brickken said investors reduce exposure when uncertainty rises rather than rejecting digital assets.