The iShares Bitcoin Trust ETF has posted a net $2.2 billion outflow in November through Friday, according to FactSet, by far its largest ever.
After months of nearly uninterrupted inflows to the largest bitcoin exchange-traded fund, November’s action suggests buyers are finally feeling more risk averse. Bitcoin is down around 22% over the past month and 7% year-to-date.
www.wsj.com
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