BALCHUNAS: $IBIT logs second-biggest daily outflow at $528M, likely linked to earlier block trade

BALCHUNAS: $IBIT recorded its second-largest daily outflow on Wednesday, with $528M redeemed, a move seen as likely connected to the large block trade earlier this week. Even so, IBIT remains up more than $2B year-to-date, placing it in the top 2%, and has attracted about $64B in cumulative inflows since launch. The latest outflow represents less than 1% of its lifetime net flows.