BlackRock Bitcoin ETF Sees Record $1.26B Outflow Amid Rising Bearish Options Costs

BlackRock's Bitcoin ETF (IBIT) experienced a historic single-day outflow of $1.26 billion as costs for bearish put options surged dramatically. This massive capital withdrawal coincides with increased hedging activity in derivatives markets, indicating growing investor caution toward Bitcoin's near-term price prospects. The outflow represents one of the largest institutional moves away from Bitcoin exposure this year, reflecting shifting sentiment among major cryptocurrency investors.