• TRM (USD/COP)COP 3,316.70 +0.45% +COP 14.79Colombia's official exchange rate (Financial Superintendence), valid Nov 14 to Nov 17
  • EuroCOP 3,665.63 +0.45% +COP 16.34Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 178.38 +0.44% +COP 0.79Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Spot Bitcoin ETFs lose USD $2.35 billion in two weeks; BlackRock's IBIT logs 11 straight days of outflows

FinanceInternationalDiarioBitcoinAI summary
Image: DiarioBitcoin

Spot Bitcoin ETFs in the United States recorded USD $2.35 billion in net outflows over two consecutive weeks: USD $1.07 billion in the latest week and USD $1.28 billion the week before, the largest weekly redemptions since late June. BlackRock's IBIT accumulated about USD $2.35 billion in outflows over 11 consecutive sessions since October 30, and its November outflows (USD $2.12 billion) accounted for roughly 90% of market redemptions. On Friday, BTC fell below USD $70,000.

In 40 seconds

  • Spot Bitcoin ETFs posted USD $2.35 billion in net outflows over two weeks: USD $1.07 billion and USD $1.28 billion.
  • BlackRock's IBIT logged 11 straight sessions of outflows since October 30, with about USD $2.35 billion accumulated.
  • IBIT's November outflows (USD $2.12 billion) accounted for roughly 90% of redemptions in the spot Bitcoin ETF market.
Read the full story at DiarioBitcoin

IASummary generated by artificial intelligence from a story by DiarioBitcoin. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading