BlackRock’s IBIT bleeds $523M in its biggest one-day outflow
Crypto Briefing
BlackRock's IBIT experienced its largest single-day outflow of $523 million amid market turbulence.Summary
BlackRock’s Bitcoin ETF (IBIT) recorded a net withdrawal of $523 million on Tuesday, marking its largest single-day outflow since its launch and continuing a five-day streak of large redemptions. This significant outflow reflects broader adjustments by institutional investors who are rebalancing their portfolios and reducing crypto exposure due to volatile market conditions. Major US-listed spot Bitcoin ETFs have seen consecutive days of outflows as clients drive these sales.
(Source：Crypto Briefing)