Bitcoin Faces Record Single-Day Outflow as BlackRock’s iShares Bitcoin Trust (IBIT) Loses $523 Million

COINOTAG News reports that BlackRock‘s iShares Bitcoin Trust (IBIT) recorded the largest single-day net outflow since its January 2024 inception, with about $523.15 million withdrawn from the ETF. The redemptions eclipsed a prior peak of $463 million set on November 14, as IBIT posted five consecutive days of net outflows totaling roughly $1.43 billion.

As the world’s largest physically backed Bitcoin ETF by net assets, IBIT manages approximately $72.76 billion in assets but has faced a persistent withdrawal trend since late October. Weekly redemptions extended to four straight weeks, totaling around $2.19 billion, underscoring renewed investor rotation amid crypto market volatility. Bitcoin has traded off its October peak and slipped below $90,000 earlier this week.

Vincent Liu, CIO of Kronos Research, noted that the flow pattern signals institutional rebalancing rather than a wholesale retreat from Bitcoin, suggesting strategic repositioning amid evolving liquidity and regulatory signals shaping fund flows.