BlackRock's IBIT offloads $463M in Bitcoin, largest outflow on record
Key Takeaways
- BlackRock clients sold $463 million in Bitcoin in a single day, the highest outflow recorded.
- The outflow reflects institutional risk management amid volatile market conditions.
Investors pulled $463 million from BlackRock’s IBIT Bitcoin ETF on Friday, representing the largest single-day outflow on record for the product.
The massive selloff reflects institutional investors reducing their exposures amid heightened volatility. BlackRock clients appear to be rebalancing their portfolios by scaling back Bitcoin positions as market conditions shift.
US-listed spot Bitcoin ETFs recorded net outflows of around $492 million on November 14.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates: SEC Guidelines Allow Cryptocurrencies to Achieve Commodity Classification
- SEC Chair Paul Atkins proposed a crypto regulatory framework exempting ETH, SOL, and XRP from securities classification using the Howey Test to clarify market roles. - The framework categorizes crypto assets into four groups, allowing tokens to "graduate" from securities to commodities as ecosystems decentralize and utility emerges. - It introduces "super apps" for mixed-asset trading and a six-month compliance grace period, aiming to balance innovation with fraud prevention and reduce regulatory fragmen

Zcash News Today: Privacy-Focused Zcash Transforms Cryptocurrency Landscape as Institutions Adopt Shielded Technology
- Zcash (ZEC) surged to $667 in early 2025, driven by privacy demand, institutional adoption, and regulatory clarity. - Institutional investors like Cypherpunk Technologies acquired 203,775 ZEC, boosting shielded pool adoption as a compliance-friendly privacy asset. - ZEC's RSI hit 94.24, signaling overbought conditions and potential 45%-90% corrections, amid 37% daily volatility and self-custody warnings. - Privacy coins like Zcash gain traction as alternatives to stagnant mainstream crypto, aligning with

Dogecoin News Update: Is DOGE's $0.17 Support a Saving Grace or a Final Blow for Memecoins?
- Dogecoin (DOGE) and NEAR Protocol (NEAR) face bearish pressure as crypto markets decline, with DOGE below $0.1730 and NEAR testing support levels. - DOGE's on-chain metrics show increased token turnover and reduced futures open interest, signaling speculative de-risking and potential further losses. - NEAR shows early stabilization signs with rising TVL ($182.1M) and positive funding rates, suggesting possible rebounds if key resistance levels hold. - Market analysts highlight critical junctures for both
Ethereum Updates: BitMine’s Fresh Leadership Fuels Ethereum Growth, Striving to Connect Wall Street with the Crypto World
- BitMine appoints Chi Tsang as CEO amid strategic overhaul, adding 3 board members to strengthen governance. - Company boosts ETH holdings by 34% to $12.5B, aiming to control 5% of Ethereum's supply through aggressive accumulation. - Institutional Ethereum buying accelerates as exchange balances hit multi-year lows, with BitMine trailing only Bitcoin-focused rivals. - Despite 35% stock decline and 13.4% ETH price drop, $398M cash reserves signal long-term blockchain asset tokenization bets.
