BlackRock Bitcoin ETF outflows hit $2B over nine sessions
Summary
BlackRock’s spot Bitcoin ETF, IBIT, saw more than $2 billion in net outflows over nine consecutive trading sessions, including $269.7 million on Wednesday—about 90% of that day’s withdrawals from US spot Bitcoin ETFs. Across all US spot Bitcoin ETFs, net outflows reached nearly $1.44 billion over five sessions. Bitfinex said slowing withdrawals may signal an early market floor but are not enough to confirm a recovery; its historical analysis found Bitcoin gained a median 6.4% over 10 sessions when outflow streaks ended with at least three days of inflows. Bitcoin was near $73,000, down 8.5% for the week. Laser Digital cited weak spot demand, a negative Coinbase premium and leveraged long liquidations.
