According to DL News, BlackRock clients withdrew $523 million from its iShares Bitcoin Trust on Tuesday. This follows a broader trend of outflows from U.S. spot Bitcoin ETFs, which have lost $3 billion in November, nearing the $3.5 billion seen in February. The selloff coincides with Bitcoin trading around $90,000 after a $1.2 trillion drop in crypto markets over the past month.
BlackRock Clients Withdraw $523M from Bitcoin Trust Amid Broader ETF Outflows
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