[BlackRock IBIT Records Single-Day Outflow of $523 Million]
On November 19, BlackRock's iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since its establishment in January 2024, amounting to $523.15 million, surpassing the previous record of $463 million set on November 14. IBIT has experienced net outflows for five consecutive days, totaling $1.43 billion, and has seen net outflows for four consecutive weeks, accumulating $2.19 billion. As the world's largest spot Bitcoin ETF (with net assets of $72.76 billion), IBIT has been experiencing continuous outflows since late October. Bitcoin recently fell below $90,000 from its early October peak of $126,080. Kronos Research CIO Vincent Liu stated that institutional investors are rebalancing their asset allocations.