FILE: BlackRock’s New York office entrance, photographed November 1, 2008. Photo: Jim.henderson / Wikimedia Commons, public domain; cropped and resized.
Shares outstanding in BlackRock’s iShares Bitcoin Trust ETF fell by 1.88 million between November 10 and November 11, issuer data show.
BlackRock’s fund page listed 1,399,400,000 IBIT shares outstanding as of November 11. Its downloadable holdings file, still dated November 10 when checked Thursday morning, listed 1,401,280,000 shares. The difference is a decline of about 0.13%.
The share-count decline points to net redemptions in that fund. It is not a verified dollar-flow total for all U.S. spot bitcoin ETFs, and a change in the value of a fund’s assets alone would not establish investor inflows or outflows.
IBIT reported net assets of approximately $58.98 billion and a net asset value of $42.15 per share as of November 11. Its stated objective is to reflect bitcoin’s price performance. The issuer warns that bitcoin-related investments carry risks and that past performance does not guarantee future results.
Sources: BlackRock’s IBIT fund data and issuer holdings file, dated November 10 when checked.
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