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via financefeeds.comAsset Management

Bitcoin ETF outflows reach $2.35B in two weeks, led by IBIT

FROM THE WIRE · FINANCEFEEDS.COM

U.S. spot Bitcoin ETFs shed $1.07B in the week to Nov 13, a seven-session outflow streak, as BlackRock's IBIT drove 77% of Friday's $185.5M redemptions.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishOutflows from spot Bitcoin ETFs can weigh on the cryptocurrency's price and fund sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. spot Bitcoin ETFs shed $1.07B in the week to November 13.
  2. 02It was a seven-session outflow streak.
  3. 03BlackRock's IBIT drove 77% of Friday's $185.5M in redemptions.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
iShares Bitcoin Trust ETFIBITETF38.94 USDMarket closedtoday -3.52%Negative BitcoinBTCUSDCrypto64,125.37 USD+0.42%today -6.04%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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