BlackRock’s Bitcoin ETF Exits Surge to Record Outflows of Over $500 Million

Record outflows from BlackRock’s spot Bitcoin ETF, the IBIT (iShares Bitcoin Trust), have reached a staggering $523 million on November 18th. This marks the largest single-day outflow since the ETF’s launch in January 2024, and it coincides with significant net outflows for US spot Bitcoin ETFs totaling nearly $3 billion in November alone. BlackRock’s role as a major contributor to this trend, accounting for approximately $2.1 billion in outflows, highlights the impact of these fund movements on Bitcoin’s price.