Clients of BlackRock’s iShares Bitcoin Trust (IBIT) withdrew roughly $403 million worth of Bitcoin in a single day, with net outflows of $405.3 million on November 2, 2026. It was the fund’s largest single-day redemption since June 26 and extended a five-session outflow streak totaling more than $1 billion. The fund released Bitcoin matching redeemed ETF shares, mostly through Coinbase Prime, where the coins were sold. Across all US spot Bitcoin ETFs, net outflows reached about $398.6 million, while Fidelity’s FBTC recorded a $6.7 million inflow. Despite the selling pressure, IBIT remains the largest US spot Bitcoin ETF by assets under management and cumulative historical net inflows.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
