BlackRock's iShares Bitcoin Trust (IBIT) recorded $528 million in net outflows in a single day, marking the second-largest daily outflow since the ETF's January 2024 launch. Bloomberg ETF senior analyst Eric Balchunas flagged the move, noting the scale relative to IBIT's historical flows.
Balchunas was quick to add context: IBIT still sits in the top 2% of all ETFs by year-to-date net inflows, with $2 billion added in 2025 alone. Cumulative historical inflows have reached $64 billion, meaning yesterday's $528 million outflow represents less than 1% of total lifetime inflows into the fund.
The episode is a reminder that even the most dominant spot Bitcoin ETF is not immune to institutional repositioning — but the structural bid that carried IBIT to $64 billion in cumulative inflows remains the more durable signal to watch.
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