Spot bitcoin exchange-traded funds (ETFs) report large net outflows as bitcoin’s price dips. Multiple outlets say BlackRock’s iShares Bitcoin Trust (IBIT) is the main driver of the withdrawals, with IBIT posting one of its largest single-day outflow figures. CoinDesk reports IBIT sees a roughly $528 million outflow on Wednesday, described as the second-largest daily outflow on record and narrowly missing a January record. The Block also reports large outflows tied to IBIT, including a roughly $192 million outflow on Tuesday and continued weakness into Wednesday. CoinTelegraph adds that US spot bitcoin ETFs turn negative year-to-date, citing about $596 million in net outflows, while bitcoin falls below $75,000. Across reports, bitcoin’s decline to the mid-$70,000 range coincides with sustained ETF outflows, with at least one source attributing investor selling to a broader Iran-related market sell-off affecting institutional positioning. Overall, all sources describe synchronized negative ETF flows, led by IBIT, alongside weakening spot bitcoin prices.
Spot bitcoin ETFs record near-record outflows as Bitcoin falls below $75,000
Spot bitcoin exchange-traded funds (ETFs) report large net outflows as bitcoin’s price dips. Multiple outlets say BlackRock’s iShares Bitcoin Trust (IBIT) is the main driver of the withdrawals, with I...
- US spot bitcoin ETFs post large net outflows on Wednesday, described as near-record or among the largest daily outflows on record.
- BlackRock’s IBIT records one of its biggest single-day net outflows, with reported figures around $528 million (CoinDesk).
- Another outlet reports continued large IBIT-related outflows on Tuesday, including about $192 million.
- Bitcoin price falls below the $75,000 level during the same period.
- At least one source says spot bitcoin ETFs are negative year-to-date, citing about $596 million in outflows.
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
2 months agoSpot BTC ETFs saw their largest outflows on Wednesday since late January, with IBIT posting its second-biggest daily net outflow on record.
2 months agoIBIT 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.
2 months agoBitcoin ETFs saw $334 million in net outflows on Tuesday, driven by $192 million exiting BlackRock's IBIT.
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