BlackRock's IBIT Sees $528M in Net Outflows, Second-Biggest One-Day Withdrawal Since Launch

BlackRock's iShares Bitcoin Trust (IBIT) posted $528 million in net outflows on Tuesday, marking the ETF's second-largest single-day redemption since its debut, according to Bloomberg ETF senior analyst Eric Balchunas. Balchunas noted that IBIT remains among the top 2% of ETFs by year-to-date flows, with $2 billion in net inflows so far this year. Cumulative net inflows have climbed to $64 billion, putting the latest withdrawal at less than 1% of total inflows.