US Spot Bitcoin ETFs See $1.28 Billion Weekly Outflow
BLK Blackrock Inc
$1178.87 +0.70%
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- 1US spot Bitcoin ETFs recorded a weekly loss of $1.28 billion for the week ending November 6.
- 2BlackRock's IBIT accounted for approximately $1.21 billion of the outflows.
- 3As of November 9, market expectations for a Fed rate hike in December stand at approximately 81%.
So what's the key point?
A total of $1.28 billion flowed out of US Bitcoin ETFs over one week. The main driver was the significant amount of money leaving BlackRock's IBIT.
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