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BlackRock BIT experienced a massive net outflow of $1.7822 billion this month, setting a record for the highest market capitalization evaporation over consecutive trading days.
According to BlockBeats news, on November 20, BlackRock's Bitcoin Spot ETF IBIT has seen a net outflow of $1.7822 billion since November, with a record outflow of $523.2 million just yesterday. The continuous net outflows over the past five trading days have caused its market capitalization to evaporate by $1.4 billion, setting a record for the highest market cap evaporation during consecutive trading days in its 22-month history. IBIT currently manages over $73 billion in assets, the most among all Spot Bitcoin ETFs, and there was almost no outflow of funds in the first four months after the fund was established.
BTC-4.97%
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