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BlackRock's IBIT sheds $405.3 million amid surge in crypto ETF outflows

BlackRock's spot Bitcoin ETF recorded $405.3 million in outflows on Monday, driving heavy redemptions across Bitcoin and Ether funds as reports tied the movement to direct Bitcoin sales.

Portrait photograph of BlackRock CEO Larry Fink in a suit and glasses against a dark background.
Image: @WhaleInsider

Crypto exchange-traded funds saw substantial withdrawals on Monday, led by BlackRock's iShares Bitcoin Trust (IBIT), which shed $405.3 million, according to The Block. The withdrawals from IBIT drove total net outflows across spot Bitcoin ETFs to $398.6 million for the day. Spot Ether ETFs also experienced heavy redemptions, posting $139.8 million in net outflows led by BlackRock's ETHA.[1]

The ETF redemptions triggered reports that BlackRock directly offloaded cryptocurrency holdings. Social media account Whale Insider posted that BlackRock sold $405.3 million worth of Bitcoin, while Crypto Briefing reported that the firm sold roughly $405 million in Bitcoin as IBIT redemptions mounted. Crypto Briefing highlighted that institutional outflows from Bitcoin ETFs could signal wider market volatility, affecting short-term Bitcoin prices and broader investor sentiment.[2][3]

Key facts

  • BlackRock's IBIT recorded $405.3 million in net outflows on Monday.
  • Total spot Bitcoin ETF net outflows reached $398.6 million on the day.
  • Spot Ether ETFs logged $139.8 million in net outflows, led by BlackRock's ETHA.
  • Whale Insider posted that BlackRock sold $405.3 million worth of Bitcoin.
  • Crypto Briefing reported that BlackRock sold roughly $405 million in Bitcoin as IBIT redemptions accumulated, noting such institutional outflows may signal market volatility.

Sources · 3 sources

  1. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: BlackRock's IBIT shed $405.3 million on Monday, leading total net outflows of $398.6 million from spot bitcoin ETFs on the day. Spot ether ETFs also posted $139.8 million in net outflows, led by BlackRock's ETHA. bitcoin:native ethereum:native $IBIT https://t.co/ixnHbVYDNO

    Open source
  2. CB

    Crypto BriefingArticle ·

    BlackRock sells $405M worth of Bitcoin as IBIT redemptions pile up Institutional investor outflows from Bitcoin ETFs may signal broader market volatility, impacting short-term Bitcoin prices and investor sentiment. The post BlackRock sells $405M worth of Bitcoin as IBIT redemptions pile up appeared first on Crypto Briefing .

    Open source
  3. WI

    Whale Insider@WhaleInsiderPost on X ·

    JUST IN: BlackRock sells $405.3 million worth of $BTC. https://t.co/yVkaXGv6gg

    Open source