Alongside IBIT, Grayscale’s GBTC shed $104.76 million and Fidelity’s FBTC lost $60.30 million on the same day
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One factor feeding Wednesday’s outflow number was a transaction that took place Tuesday.
Key facts
Bloomberg Senior ETF Analyst Eric Balchunas flagged the trade, noting it involved 29.2 million IBIT shares and helped push total bitcoin ETF volume on Tuesday to $4.4 billion, the highest since April
Alongside IBIT, Grayscale’s GBTC shed $104.76 million and Fidelity’s FBTC lost $60.30 million on the same day
Bitcoin price has fallen more than 5.5% over the past week, sliding from above $77,000 to around $72,600 on Thursday as risk sentiment weakened
BlackRock’s iShares Bitcoin Trust recorded $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since the fund launched in January 2024, falling short
Summary
Bitcoin price has fallen more than 5.5% over the past week to around $72,600 as spot ETF outflows and rising U.S.-Iran tensions fueled broader risk-off sentiment. Bitcoin price has fallen more than 5.5% over the past week, sliding from above $77,000 to around $72,600 on Thursday as risk sentiment weakened. BlackRock’s iShares Bitcoin Trust recorded $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since the fund launched in January 2024, falling short of the all-time record by roughly $500,000. Despite the headline numbers, context matters. The outflow did not occur in isolation.