BlackRock Bitcoin ETF outflow signals macro shift for traders
BlackRock Bitcoin ETF outflow became the story traders could not ignore on Wednesday, when the iShares Bitcoin Trust, or IBIT, shed $527.84 million in a single day. For a fund that built its reputation on relentless demand, the move landed hard: it was the second-largest outflow day on record, just below the funds $528.30 million exit on January 30. That jolt did not happen in isolation. Bitcoin spot ETFs have now logged eight straight days of cumulative net outflows, a sharp turn for a market that helped define Bitcoins institutional era. At the time of writing, monthly outflows stood at $2.07 billion. What makes the reversal stand out is not only the size of the selling. It is the timing. The recent shift in ETF flows lines up with a change in macro expectations, especially around inflation and Federal Reserve rate cuts, rather than with any clearly stated break in conviction about Bitcoin itself. IBIT logs a near-record BlackRock Bitcoin ETF outflow SoSoValue data showed BlackRocks iShares Bitcoin Trust posted $527.84 million in outflows on Wednesday. That made IBIT its second-worst day on record, trailing only the $528.30 million outflow recorded on January 30. For a product that had spent much of its life acting