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Record $2.5 billion flees Bitcoin ETFs as BlackRock's IBIT sheds $1.6 billion

US-traded spot Bitcoin ETFs hemorrhaged $2.57 billion in net outflows through Nov. 17, the funds' worst monthly drawdown since their January 2024 launch. In the same month, Bitcoin dropped 14.7% and briefly touched $89,253.78 on Nov. 17, its lowest level since April, before recovering to $93,426.16, up 1.3% in 24 hours. The outflow wave crested [...]The post Record $2.5 billion flees Bitcoin ETFs as BlackRock's IBIT sheds $1.6 billion appeared first on CryptoSlate.

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