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BlackRock's Bitcoin ETF sees $405M net outflow on client redemptions

Original: 📉 # BlackRock no vende # Bitcoin : el $IBIT registró una salida neta de $405.3M el 2 de noviembre por redenciones de cli

BlackRock's spot Bitcoin ETF, IBIT, recorded a net outflow of $405.3 million on November 2, driven by client redemptions rather than the asset manager selling its own Bitcoin holdings. The move was the main driver of a negative day for US spot Bitcoin ETFs overall, which closed with combined net outflows of $398.6 million. Commentators are clarifying the distinction between fund redemptions and direct sales by BlackRock itself.

Why now: Large outflows from the biggest spot Bitcoin ETF are drawing attention amid concerns about institutional demand for Bitcoin.

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• 📉 # BlackRock no vende # Bitcoin : el $IBIT registró una salida neta de $405.3M el 2 de noviembre por redenciones de clientes, no por ventas de la gestora. Ese día los ETF spot de $BTC en EE.UU. cerraron con $398.6M en flujos negativos. · WhisprNews

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