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BlackRock's IBIT Bitcoin Fund Loses Record $418 Million in One Day

BlackRock's IBIT Bitcoin Fund Loses Record $418 Million in One Day

HappyCoinNews2025/02/28 14:22
By: HappyCoinNews
BTC+0.06%

On Wednesday, February 26, BlackRock's US exchange-traded fund IBIT recorded a record net outflow of $418,1 million. The previous record daily outflow from the world's largest asset manager was $2 million on January 2025, 332,6.

BlackRock's IBIT Bitcoin Fund Loses Record $418 Million in One Day image 0

Despite BlackRock's IBIT losing $741,1 million this week, it remains the largest U.S. exchange-traded fund investing in Bitcoin . Total net inflow of funds into ETF exceeded $40,2 billion. IBIT manages assets of $51,6 billion.

BlackRock's IBIT Bitcoin Fund Loses Record $418 Million in One Day image 1

BlackRock's IBIT also leads in trading volume, accounting for 72% of the market, or $4,1 billion out of $5,7 billion. Activity remains high despite Bitcoin's volatility.

On February 26, the cumulative net outflow of funds from spot BTC- ETF reached $754,6 million. This is the second largest daily capital withdrawal from Bitcoin -funds since their debut in January 2024. In just seven days, investors have pulled nearly $3 billion from U.S. exchange-traded funds based on the flagship currency.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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