BlackRock's IShares Blockchain ETF Sees Record $523 Million Single-Day Outflow

2 hours ago

On November 19th, BlackRock's iShares Bitcoin Trust (IBIT) witnessed its largest single-day net outflow since its start in January 2024. Yesterday, IBIT experienced a fund outflow of $523.15 million, surpassing the previous record of $463 million set on November 14th. The ETF has seen net outflows for 5 consecutive days, with a total of $1.43 billion. As the world's largest physically backed Bitcoin ETF (with net assets of $72.76 billion), IBIT has been in a trend of outflows since late October. On a weekly basis, the fund has seen 4 consecutive weeks of outflows, totaling $2.19 billion. This outflow of funds occurs as Bitcoin has recently seen a sharp decline. The cryptocurrency has fallen from its all-time high of $126,080 in early October to below $90,000 earlier this week. Despite the continuous outflow of funds, Vincent Liu, the CIO of Kronos Research, stated that institutional investors are rebalancing rather than completely abandoning Bitcoin.

Add to Favorites Download image Share x Copy link

Relevant content

On-chain BTC whale long positions suffered a complete rout, with the largest unrealized loss reaching 870%; the short positions all turned profitable, with the take-profit target set around below 89,000.

On November 19th, as per the monitoring and analysis by HyperInsight, among the 26 whales on Hyperliquid that hold BTC worth more than $20 million, there are 12 long positions and 14 short positions. All the long positions are currently experiencing different degrees of unrealized losses (approximately -14% to -870%), while all the short positions are seeing different degrees of unrealized gains (approximately 14% to 647%). Furthermore, based on incomplete statistics, the stop-loss/take-profit ranges for the above-mentioned whales are as follows (excluding outliers and over-collateralized addresses): Long Positions: - Stop-loss order range: $82,000–$89,000; Liquidation range: $74,100–$84,900, with an average of $79,300; Average entry price: $102,190 Short Positions: - Take-profit order range: $75,000–$89,000; Liquidation range: $98,000–$136,000, with an average of $116,000; Average entry price: $104,920 Additionally, according

4 minutes ago

Vanguard FIGRX Fund increased its holding of MetaPlanet stock by 3 million shares in Q3, valued at approximately $7.42 million.

On November 19th, Fidelity International Discovery Fund, which manages $500 billion, recently announced that it bought 3 million shares (approximately $7.42 million) of MetaPlanet (3350.T) stock during the third quarter.

4 minutes ago

Analysis: Bitcoin has dropped below the 0.75 Cost Basis Quantile, entering the "Bear Market" zone

On November 19th, glassnode conducted an on-chain analysis and stated that Bitcoin has fallen below the 0.75 Cost Basis Quantile. This level is historically regarded as a bear market zone. Throughout previous cycles, reclaiming and maintaining above this level has been of great significance for restoring a bullish market structure. Bulls are looking forward to seeing Bitcoin reclaim this level.

4 minutes ago

Binance Alpha has now launched GAIB (GAIB)

On November 19th, Binance Alpha has now initiated GAIB (GAIB), and its market value is currently at $59.7 million.

4 minutes ago

Ethereum Deposit Synchronization Delay Continues, CEX Net Inflow of 60,200 ETH in the Last 24 Hours

On November 19th, based on Coinglass data, in the past 24 hours, the total net inflow of ETH on CEX was 60,200 ETH. The top three exchanges in terms of inflow volume are as follows: · Binance, with an inflow of 164,700 ETH; · Bybit, with an inflow of 37,200 ETH; · Gate, with an inflow of 5759.03 ETH. In addition, Bitfinex witnessed an outflow of 18,900 ETH and ranked first in the outflow list.