Bitcoin ETF Sees Record $420 Million Single-Day Outflow as Market Slumps

BlackRock's Bitcoin ETF Records Largest Daily Outflow of $420M Amid Market Uncertainty

  • BlackRock‘s Bitcoin ETF experienced its largest single-day outflow of $420 million.
  • The fund lost 5,000 BTC on February 26, surpassing its previous record loss from January.
  • This outflow is part of a broader seven-day trend where spot Bitcoin ETFs lost nearly $3 billion.
  • The massive withdrawal coincides with Bitcoin trading at yearly lows.
  • February 24 marked a historic $1.1 billion aggregate outflow from Bitcoin ETF products.

Investors withdrew a record $420 million from BlackRock’s iShares Bitcoin Trust (IBIT) in a single day, marking the largest outflow since the fund’s launch in January 2024. The significant withdrawal occurs as Bitcoin prices struggle to maintain stability in the cryptocurrency market.

- Advertisement -

The February 26 exodus of 5,000 BTC from the ETF surpassed the previous record of $332 million lost on January 22, highlighting growing investor uncertainty in the cryptocurrency market. This withdrawal represents a crucial moment for institutional Bitcoin investment vehicles, which had initially generated substantial excitement upon their launch.

The record outflow is part of a broader trend affecting spot Bitcoin ETFs, with February 24 witnessing an unprecedented $1.1 billion in aggregate outflows across various products. This seven-day streak of withdrawals, totaling almost $3 billion, signals a potential shift in institutional investor sentiment toward digital assets.

Market analysts attribute these outflows to various factors, including regulatory uncertainties and broader market conditions. The timing coincides with Bitcoin trading at yearly lows, suggesting a correlation between price performance and institutional investor confidence in Bitcoin-focused investment products.

The spot Bitcoin ETF market, which launched amid great anticipation in January 2024, has experienced significant volatility in its first months of operation. These products allow traditional investors to gain Bitcoin exposure without directly holding the cryptocurrency, making them a crucial bridge between conventional finance and digital assets.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

Stay in the Loop

Get exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.

- Advertisement -

    1 Email per day. Unsubscribe at any time.

    - Advertisement -

    Latest News

    Mystery Creator Nets $5M Launching Hundreds of Memecoins Daily

    One memecoin creator has launched hundreds of tokens daily since January.The creator has made...

    Tornado Cash Co-Founder Roman Storm Guilty on Money Transmitting Charge

    Roman Storm, co-founder of crypto mixing tool Tornado Cash, was found guilty of operating...

    Predictors Bet on Bitcoin Surge, Vitalik’s Linea Mention, ETH Push

    Prediction markets show most participants expect Bitcoin to reach $125,000 before dropping to $105,000. A...

    SocGholish Malware Leveraging TDS for Sophisticated Web Attacks

    Attackers use Traffic Distribution Systems to spread the SocGholish Malware through compromised websites. SocGholish operates...

    OpenAI Launches Smarter, Faster GPT-5 AI Model for All Users

    OpenAI has launched the new ChatGPT-5 model, available to all users, including free accounts. ChatGPT-5...

    Must Read

    13 Best Bitcoin Casinos & Crypto Casinos

    Online betting has always been a popular and easy option to play from the comfort of your home or on the go, and with...