**BlackRock Clients Sell $463 Million in Bitcoin in a Single Day, Marking Largest Outflow on Record**
BlackRock clients withdrew $463 million from the firm’s IBIT Bitcoin ETF on Friday, representing the highest single-day outflow ever recorded for the product.
This significant selloff highlights a trend among institutional investors who are reducing their Bitcoin exposure amid volatile market conditions. The move reflects cautious risk management strategies as these investors rebalance their portfolios in response to shifting market dynamics.
Additionally, US-listed spot Bitcoin ETFs experienced net outflows totaling approximately $492 million on November 14, indicating a broader pullback in the market.
Overall, these large-scale withdrawals suggest that institutional investors are actively adjusting their positions to navigate the current period of heightened volatility in the cryptocurrency space.
https://bitcoinethereumnews.com/bitcoin/blackrocks-ibit-offloads-463m-in-bitcoin-largest-outflow-on-record/
