BlackRock's IBIT shed 22.7 million shares in four sessions as bitcoin fell to $68,393
iShares data shows IBIT's share count down 1.6% since November 6, roughly $919 million at Thursday's NAV. Bitcoin lost 7% in 24 hours.
BlackRock's ether ETF lost 19% of its shares since September. Its bitcoin ETF held steady
ETHA, BlackRock's spot ether fund, held about 131.8 million shares on November 6, down from 162.4 million on September 30. That is roughly 693,000 ETH handed back, by our calculation, while the firm's bitcoin fund kept its share count flat.
BlackRock's IBIT shrank $105 million on Friday, yet its share count is flat since September
IBIT, BlackRock's spot bitcoin fund, cut 2.44 million shares on November 6, about 1,380 BTC. Yet it has slightly more shares than on September 30, so nearly all of its $6.4 billion drop in assets since then came from bitcoin's price.
BlackRock's BUIDL slips to No. 3 as tokenized Treasuries shrink to $14.2 billion
BlackRock's on-chain fund held $2.08 billion on November 1, down 7.61% in a month, and now ranks behind Ondo's USDY and Circle's USYC. The whole tokenized Treasury market shrank 3.68%, but holder numbers keep rising.