CoinWorld News, BlackRock's Bitcoin ETF (iShares Bitcoin Trust) had a net outflow of $528 million on Wednesday, becoming the second-largest single-day outflow in history. Since its launch in January 2024, the fund's largest single-day outflow was $528.3 million, with Wednesday's outflow only $50,000 less. The fund currently manages approximately $59 billion in assets, accounting for nearly 4% of the total Bitcoin supply. Over the past two weeks, 11 U.S.-listed spot Bitcoin ETFs have collectively outflowed over $2 billion. On Wednesday, Bitcoin's price fell below $73,000, trading at $72,978, down 3.4% in 24 hours.

IBIT-2.24%
BTC-3.37%
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MetalFrameBookPageCross
· 1h ago
What is the biggest crisis since the establishment of iShares Bitcoin Trust?
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ButterStop-LossLine
· 4h ago
2 billion flows out in two weeks, this speed is even faster than when entering.
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GateUser-c3de680b
· 4h ago
72,978, I remember this number, reference for bottom-fishing.
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PerpPulse
· 5h ago
The record of 528.3 million is probably going to be broken soon; let's wait and see.
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Miner'sOldKeyboard
· 5h ago
The second-largest outflow in history, what does it indicate? Smart money is pulling out.
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GateUser-2d7346e0
· 5h ago
Even Blackstone can't handle it; other ETFs are probably worse.
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MildlyRugged
· 5h ago
Institutional ETFs are all the same, where's Bitcoin's moat?
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BridgeTroll
· 5h ago
Is the ETF narrative about to reverse, turning from a hot commodity into a hot potato?
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CheckTheBlockchainBefore
· 5h ago
59B in management scale, 4% of Bitcoin supply, this selling pressure is no joke
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RiskParachute
· 5h ago
Blackstone's outflow volume is indeed frightening, second in history.
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