IBIT saw a $527.84M exit, its second-worst day ever, as Iran risk dragged bitcoin below $73K and rattled ETF flows.
Key takeaways
- On Wednesday, BlackRock’s iShares Bitcoin Trust suffered a $527.84 million net outflow, nearly matching its worst day on record as the Iran-driven sell-off pus...
- The withdrawal was IBIT’s second-largest single-day outflow since its January 2024 launch, missing the Jan. 30 record of $528.3 million by roughly **$5...
- Wednesday’s $527.84 million IBIT exit nearly matched the Jan. 30 record
- IBIT is not a marginal bitcoin product. CoinDesk reported the fund holds roughly $59 billion in assets and accounts for close to **4% of bitcoin’s total supply...
👉 Read the full breakdown on MLXIO
Canonical source: https://mlxio.com/crypto/blackrock-bitcoin-etf-outflow
