BlackRock’s Bitcoin ETF Registers $528 Million Outflow, Second Largest Ever
What happened: BlackRock’s spot bitcoin ETF (IBIT) recorded a $528 million net outflow on Wednesday, its second-biggest single-day withdrawal since launch.
What happened: BlackRock’s spot bitcoin ETF (IBIT) recorded a $528 million net outflow on Wednesday, its second-biggest single-day withdrawal since launch. The outflow was driven by an Iran-related market sell-off, with institutional investors pulling significant capital from bitcoin. The previous record, set in January, was missed by less than $500,000.
Why it matters: Such large ETF outflows signal waning institutional confidence in the short-term bitcoin outlook, especially during periods of geopolitical stress. The move adds to downward price pressure and may foreshadow further volatility if outflows persist.
Source: CoinDesk