Movement Alert｜iShares Bitcoin Trust Falls 3.2% in Regular Trading, Bitcoin Slides Below 68000 as ETF Outflows Persist

Market Focus11-13 22:30

On November 13, iShares Bitcoin Trust fell 3.2% in Regular Trading, trading at $39.12 with turnover of $395 million.

The move coincided with a sharp selloff in bitcoin, which fell below $68,000 during the day and touched about $67,500, its lowest level since August, after already dropping more than 3% in the prior session.

Recent market data also showed continued pressure from US spot bitcoin ETF redemptions. Bitcoin ETF products had recorded net outflows for five straight trading days, including a single-day net outflow of about $299.9 million, with IBIT accounting for roughly $269.7 million. Reports also cited firmer-than-expected US inflation, rising rate-hike expectations, and about $2.48 billion of BTC options approaching expiry, factors that weakened near-term risk appetite and weighed on bitcoin-linked ETF pricing.

The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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