IBIT news: BlackRock bitcoin ETF sheds $528 million, the second-largest daily outflow on record
The 11 U.S.-listed spot bitcoin ETFs lost $733.43 million, as redemptions forced issuers to sell bitcoin and deepened the price slide.
- On Wednesday, BlackRock's iShares Bitcoin Trust shed $527.84 million, marking the fund's second-largest single-day outflow since its January 2024 launch.
- U.S. airstrikes near the Strait of Hormuz reignited Middle East tensions, pushing Bitcoin below $73,000 on the same day as the selling.
- The broader ETF complex lost $733.43 million on Wednesday, with more than $2 billion withdrawn over the past two weeks as institutional demand weakened.
- To settle investor exits, issuers must sell underlying Bitcoin, creating a feedback loop where forced liquidations push prices lower and trigger further redemptions.
- Future flows depend on whether the geopolitical situation in the Middle East stabilizes, as outflows may reflect tactical de-risking by institutional players awaiting clarity.
20 Articles
20 Articles
BlackRock’s Bitcoin behemoth bleeds cash in second‑worst outflow day yet
The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers increasingly forced to trade around institutional liquidity. Crypto ex‑Bitcoin (BTC) and Ether (ETH) ripped through a volatile 12‑hour window, with ETF outflows, Solana…
BlackRock's IBIT Bitcoin ETF Sees $527 Million Outflow: What Is Going On?
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) shed $527.84 million on Wednesday, its second-largest single-day outflow, as US airstrikes near the Strait of Hormuz reignited Middle East tensions. All 11 US Spot Bitcoin ETFs Lost $733M In A Single Day The broader ETF complex hemorrhaged $733.43 million on Wednesday alone, with Fidelity’s FBTC (BATS:FBTC) shedding $60.30 million and Grayscale’s GBTC (NYSE:GBTC) losing $104.76 million alongside IB…
IBIT news: BlackRock bitcoin ETF sheds $528 million, the second-largest daily outflow on record
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin.
BlackRock Bitcoin ETF Sees $528 Million Outflow as BTC Holds $73K
BlackRock’s spot Bitcoin (BTC) ETF, iShares Bitcoin Trust ($IBIT), recorded a sharp one-day net outflow of $528 million, marking its second-largest daily redemption since launch and testing the market’s perception of ‘institutional demand’ even as Bitcoin pushed back above the $73,000 level. According to data cited by Wu Blockchain, the outflow came in the prior session and stood out for its size—but not necessarily for what it implies over the …
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