BlackRock's Bitcoin ETF IBIT Sees Record Outflows Amid BTC Price Struggle

BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has encountered a significant wave of investor withdrawals. The fund reported record outflows as the price of Bitcoin (BTC) continues to face challenges in sustaining a recovery and re-establishing a definitive bullish market trend. This movement of capital highlights growing investor caution in the current crypto market environment. Analysts are monitoring whether this trend signals a broader shift in sentiment towards Bitcoin ETFs or a temporary reaction to BTC's price volatility and consolidation phase. The performance of major ETFs like IBIT is increasingly viewed as a key indicator of institutional and mainstream investor appetite for Bitcoin exposure.