BlackRock-Backed Bitcoin ETF Sees $122.7 Million Net Outflow

The iShares Bitcoin Trust (IBIT), a BlackRock-backed Bitcoin ETF, recorded a significant net outflow of $122.7 million on July 31. According to Farside Investors, this represented approximately 1,948 BTC sold by IBIT investors.

This withdrawal is part of a larger trend in the US spot Bitcoin ETF market, which collectively saw more than $265 million in net outflows. Market participants are now closely watching upcoming ETF flow data to determine whether these withdrawals reflect short-term profit-taking or a broader slowdown in institutional demand for cryptocurrency investments.