Clients of BlackRock’s iShares Bitcoin Trust (IBIT) reportedly sold approximately $104.97 million worth of Bitcoin, according to a social media source. The sale followed a substantial $405.3 million outflow reported on November 2. These recent withdrawals from the ETF are consistent with broader trends across U.S. spot Bitcoin ETFs. They could weigh on investor sentiment and perceptions of Bitcoin’s price trajectory in the short term. Market watchers will monitor further outflows, the ability of Bitcoin to hold key support levels, and policy announcements from major financial institutions and regulatory bodies.
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