BlackRock's iShares Bitcoin Trust Sees Record Net Outflow
BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT), saw a net outflow of $122.7 million on July 31.
The redemption represented about 1,948 BTC sold by IBIT investors and came as U.S. spot Bitcoin ETFs collectively saw more than $265 million in net outflows.
Market participants are now watching upcoming ETF flow data to determine whether the withdrawals reflect short-term profit-taking or a broader slowdown in institutional demand.