BlackRock's bitcoin ETF sheds $528 million, the second-largest daily outflow on record

IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin. What to know : BlackRock’s iShares Bitcoin Trust saw $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since launching in January and just shy of its record. The 11 U.S. spot bitcoin ETFs together lost $733.43 million that day, extending a multi-session streak of outflows that has pulled more than $2 billion from the complex over two weeks as bitcoin slid below $73,000. A $1.29 billion dark-pool block sale in IBIT on Tuesday and May’s shift from ETF accumulation to distribution suggest institutional investors are trimming bitcoin exposure amid heightened Middle East tensions and macro uncertainty.