BlackRock's bitcoin ETF sheds $528 million, the second-largest daily outflow on record
CoinDesk
BlackRock's iShares Bitcoin Trust recorded its second-largest daily outflow ever, totaling nearly $528 million amid a broader market sell-off.Summary
BlackRock's iShares Bitcoin Trust (IBIT) experienced a net outflow of $527.84 million on Wednesday, marking the fund's second-largest single-day withdrawal since its January 2024 launch. This movement occurred during a wider market downturn, with 11 U.S.-listed spot bitcoin ETFs collectively shedding over $733 million as Bitcoin's price dipped below $73,000 following geopolitical tensions in the Middle East. While this activity follows recent institutional selling, including a large dark-pool block trade, analysts are monitoring whether this represents temporary tactical de-risking or a more sustained institutional pullback.
(Source：CoinDesk)