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BlackRock's Spot Bitcoin ETF Logs $528 Million Redemption, Second-Biggest Daily Outflow Since January

BlackRock's iShares Bitcoin Trust (IBIT) posted a net outflow of $528 million on Wednesday, marking its second-largest single-day redemption since January and eclipsed only by the January record. Across all 11 U.S. spot Bitcoin ETFs, combined net outflows totaled $733 million the same day. Over the past two weeks, cumulative withdrawals have topped $2 billion. Bitcoin slid below $73,000 as institutional investors cut exposure amid rising Middle East tensions and broader macro uncertainty. Separately, IBIT saw a $1.29 billion dark pool block trade on Tuesday.
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