BlackRock's IBIT Suffers Record $521.7 Million Outflow as Bitcoin Slides

A historic capitulation has hit the world's largest Bitcoin fund.

In a stunning reversal for the asset class, BlackRock’s iShares Bitcoin Trust (IBIT) has recorded a net outflow of $521.7 million in a single trading session. This figure marks the largest daily withdrawal since the ETF's highly anticipated launch in January 2024, signaling a massive retreat by institutional investors.

Institutional Exodus

The unprecedented sell-off ends a period of dominance for IBIT, which had previously shattered records for the fastest growth in ETF history. The $521.7 million exit is part of a broader trend of "de-risking" across the crypto market, as institutional confidence appears to be shaking amid falling prices and macroeconomic uncertainty.

Market Impact

* The Scale: The outflow contributes to a wider market bleed, with total U.S. spot Bitcoin ETF outflows topping $817 million on Wednesday alone.

* The Price: The aggressive selling pressure has forced Bitcoin to break critical support levels, crashing to 9-month lows near $81,000.

* The Sentiment: Analysts suggest this "structural de-risking" reflects fading risk appetite, with the "Crypto Fear & Greed Index" plunging into "Extreme Fear" territory.

This record outflow serves as a grim milestone for the current cycle, raising questions about whether the "institutional wall" of money is beginning to crack.