BlackRock Dominates $56M Bitcoin ETF Outflow Amid Sharp Slowdown

US spot Bitcoin exchange-traded funds (ETFs) saw significant outflows on August 14, totaling $56.2 million. This marks a continuation of a multi-day trend of withdrawals, with previous days seeing even higher amounts.

The majority of these redemptions came from BlackRock's iShares Bitcoin Trust (IBIT), which recorded $55.5 million in net outflows. Fidelity's FBTC lost an additional $6.8 million, while Bitwise's BITB was the only fund to attract fresh capital, with a $6.1 million inflow.

Notably, this shift marks a change from previous sessions, where ARKB led withdrawals and BlackRock recorded minimal redemptions. This time, IBIT dominated the category's gross negative flows before BITB's inflow was included.