BlackRock’s IBIT sees $2 billion in outflows across nine straight sessions

BlackRock’s iShares Bitcoin Trust (IBIT) recorded $269.73 million in outflows on Wednesday, extending its withdrawal streak to nine consecutive trading sessions. Since October 30, IBIT has seen investors pull out a total of approximately $2.004 billion, marking a significant reduction in assets for the largest US spot Bitcoin exchange-traded fund. US spot Bitcoin ETFs as a group experienced $299.9 million in redemptions on Wednesday, making it the fifth straight session of net outflows. IBIT accounted for nearly 90% of the day’s total, while Grayscale’s Bitcoin Trust (GBTC) reported outflows of $39.13 million.