Sentiment: Positive
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BlackRock’s IBIT Draws Bitcoin Swaps Amid Outflows
By Maxwell Mutuma at 2026-11-10 08:46
Sentiment: Positive
TLDR BlackRock reports record interest in converting directly held Bitcoin into IBIT shares. Barron’s reports approximately $3.6 billion in conversions tracked by BlackRock. Bloomberg previously reported more than $5 billion in IBIT-facilitated conversions. IBIT recorded $213.2 million in net withdrawals on November 9. The SEC approved in-kind crypto ETF creations and redemptions in July 2025. [...] The post BlackRock’s IBIT Draws Bitcoin Swaps Amid Outflows appeared first on CoinCentral. Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #News #Blackrock
Source Coin Central