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Investors pull record $523 million from BlackRock's flagship bitcoin ETF - REUTERS
By Manya Saini and Niket Nishant
Summary
- Bitcoin falls to seven-month low
- Investor jitters pressure risk assets
- Lack of speculative spirit weighing, analyst says
Nov 19 (Reuters) - Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust (IBIT.O) on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch. Bitcoin , a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.
IBIT, the largest spot bitcoin ETF, has attracted strong investor demand since its launch in January 2024 and has been central to the crypto ETF boom.




