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BlackRock’s Bitcoin ETF Sees Record $523M Outflow Amid Market Downturn

BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since launch, as investors withdrew 523milliononTuesday,asharpsignalofdeterioratingsentimentinanalreadyfragilecryptomarket.KeyTakeaways:BlackRocksIBITsawarecord523 million on Tuesday, a sharp signal of deteriorating sentiment in an already fragile crypto market. Key Takeaways: BlackRock’s IBIT saw a record 523 million single-day outflow, signaling weakening confidence across the crypto market. Bitcoin has fallen nearly 30% from its October peak, pushing US spot ETF investors into the red. Tightening liquidity and macro uncertainty are promp ...