In brief
- BlackRock’s IBIT logged a record $463 million one-day outflow on November 14.
- Global crypto ETPs saw $2 billion in weekly outflows, the largest since February.
- U.S. funds drove 97% of redemptions, while Germany posted modest inflows.
Crypto exchange-traded products were hit with their heaviest withdrawals since February last week, with global outflows reaching $2 billion as investors retreated on rising macroeconomic uncertainty.
The exodus was punctuated by a record single-day withdrawal from BlackRock’s flagship Bitcoin ETF, IBIT, which saw $463.1 million leave the fund on November 14, per data from Farside Investors.
The wave of redemptions pushed Bitcoin and Ethereum ETPs sharply lower, driving down assets under…
