The iShares Bitcoin Trust (IBIT) saw a rare day of outflows before Bitcoin went on to hit a new all-time high.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has posted its sixth day of net outflows since it launched in January.
Institutional investors seemingly went risk-off on election day in the United States as the iShares Bitcoin Trust (IBIT) saw an outflow of $44.2 million on Nov. 5, according to CoinGlass.
However, it is only the sixth day in its short history that the ETF has seen a net outflow, and its first since Oct. 10, when $10.8 million left the fund.
