BlackRock's IBIT Records $1.782B Net Outflow in November, Marks Largest Loss Streak

BlackRock's spot Bitcoin ETF IBIT has recorded net outflows of $1.782 billion since the start of November, with a single-day outflow of $523.2 million on Nov. 19, BlockBeats reports. The fund experienced five consecutive trading days of outflows, resulting in a $1.4 billion decline in market value—the largest consecutive-day loss in its 22-month history. IBIT currently manages over $73 billion in assets, the highest among all spot Bitcoin ETFs.