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BitcoinSource: CoinCentral ·

BlackRock’s IBIT Draws Bitcoin Swaps Amid Outflows

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.

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