BlackRock IBIT recorded $405.3 million in outflows, the largest single-day redemption since June
Cointelegraph
1h ago
Ai Focus
BlackRock's Bitcoin spot product ETF IBIT saw $405.3 million in outflows on Monday, the largest single-day outflow since June; US-listed spot Bitcoin ETF had a total net outflow of $398.6 million on that day. Meanwhile, US spot Ethereum ETF also experienced a net outflow of about $140 million, and the crypto market continued to fluctuate following the $6.3 billion hack incident at Binance.
Helpful
No.Help

BlackRock IBIT experiences the largest outflow of Bitcoin ETF funds since June

As spot Bitcoin exchange-traded funds (ETFs) listed in the United States (ETF) continued to experience capital outflows at the start of November, BlackRock's iShares and Bitcoin Trust (IBIT) recorded their largest daily capital outflows since June on Monday.

According to the data from Farside Investors, these funds had a total net outflow of $398.6 million on that day, among which IBIT had an outflow of $405.3 million, ranking first.

This is the largest single-day outflow for IBIT since June 26th, when investors withdrew $444.5 million. Fidelity Wise Origin Bitcoin Fund ( FBTC ) attracted $6.7 million in capital inflows on Monday, which partially offset the overall outflow.

Previously, US spot Bitcoin ETF recorded a net outflow of $515 million in October. So far, these funds have accumulated a net outflow of approximately $38 million in 2026.

The CEO of the tokenization company Brickken, Edwin Mata, stated in a comment released on Monday: "I would not interpret the outflow of these funds as investors rejecting digital assets. As uncertainty increases, investors will reduce their exposure, especially after certain events have raised doubts about the security of market infrastructure."

At the time of this capital withdrawal, the crypto market experienced increased volatility overall, following Binance's遭受 of a $6.3 billion hacker attack.

According to CoinGecko data, Bitcoin fell below $76,400 on Monday, reaching its lowest level since August. At the time of publication, this cryptocurrency was trading at around $76,600, having declined by 3.7% over the past seven days.

According to SoSoValue data, US spot Ethereum (ETH) also recorded a net outflow of approximately $140 million on Monday; following a record monthly net outflow of $1.61 billion in October, the consecutive days of net outflows for such funds has extended to 6 days.

Tip
$0
Like
0
Save
0
Views 27
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Morgan Stanley Wilson: The adjustment of U.S. stocks has come to an end; this could be a good opportunity to buy on dips.
Morgan Stanley's chief U.S. equity strategist Mike Wilson stated that the adjustment in U.S. stocks since June has entered its "final stage," and with the mid-term elections behind us, market uncertainties are expected to dissipate significantly, potentially presenting buying opportunities for high-quality cyclical stocks. He believes that the election results themselves have been largely digested by the market, and what truly needs attention are still tariffs, foreign policy, and changes in liquidity.
Wallstreetcn
·2026-11-03 17:24:09
10
IBIT of BlackRock experiences outflows of $405.3 million, the largest since June; ETF withdrawal of funds
Bitcoin ETF IBIT under BlackRock recorded a net outflow of $405.3 million on November 2, the largest single-day outflow since June. US spot Bitcoin ETF saw a total net outflow of approximately $1.04 billion over two consecutive trading days, and BTC fell by about 2% in the past 24 hours, once approaching $76,500.
Coinpaper
·2026-11-03 17:14:46
14
Lazard Completes Acquisition of Campbell Lutyens and Establishes Lazard CL
Lazard announces the completion of the acquisition of Campbell Lutyens, and establishes Lazard CL, stating that it will become a globally leading private capital consulting platform. The company indicates that the transaction was primarily paid for with Lazard shares, with an estimated total revenue of about $500 million for Lazard CL in 2027, and it is expected to have a positive impact on performance before taking into account synergies.
PR Newswire
·2026-11-03 17:05:55
17
HSBC Research: Even Affluent Americans Struggle to Achieve a $2.6 Million Retirement Goal
HSBC's latest research shows that wealthy Americans believe a comfortable retirement requires $2.6 million, which is a 26% increase from a year ago, but on average, they only save 52% of that amount. Transamerica Institute states that factors such as uncertain social security prospects, ongoing inflation, conflicts in financial priorities, and employment disruptions are making it more difficult for Americans to save for retirement.
Fortune
·2026-11-03 17:05:53
16
The market remains cautious before the U.S. midterm elections; U.S. stock futures decline, gold falls below $3,900, oil prices rebound
As the mid-term elections in the United States approach, market risk sentiment has eased, U.S. stock futures have declined, Brent crude oil has risen, and spot gold has fallen below $3,900. Several market participants noted that geopolitical tensions, election uncertainties, and a pullback in the artificial intelligence sector are causing investors to remain cautious.
Wallstreetcn
·2026-11-03 17:05:51
17
View More