BlackRock’s bitcoin ETF posts record-setting outflows worth $523 million
The Block
BlackRock's IBIT experienced a record $523 million daily outflow amid a broader negative trend for spot bitcoin ETFs.Summary
BlackRock's iShares Bitcoin Trust (IBIT) recorded its largest daily net outflow since its launch, totaling $523.15 million on Tuesday, surpassing the previous record. This contributed to five consecutive days of net outflows totaling $1.43 billion for IBIT, the world's largest spot bitcoin ETF. These outflows coincide with a recent slide in Bitcoin's price, though experts suggest institutional investors are merely rebalancing risk rather than abandoning the asset. Overall, all spot BTC ETFs saw a net outflow of $372.7 million that day. In contrast, newly launched Solana ETFs, like Fidelity's FSOL, saw inflows, indicating altcoins are gaining traction.
(Source：The Block)