BlackRock Bitcoin ETF sees near-record outflows as BTC dips below $75K
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000.
BlackRock’s iShares Bitcoin Trust (IBIT) saw $527.8 million in net outflows on Wednesday, helping push total withdrawals from US spot Bitcoin ETFs to $733.4 million for the day, according to data from Farside Investors.
The outflows marked IBIT’s second-largest daily loss since launch, slightly below the fund’s record $528.3 million outflow on Jan. 30, 2026.