BlackRock Bitcoin ETF Logs $523M Outflow in One Day, Worst Since Launch

TLDR

• BlackRock’s iShares Bitcoin Trust recorded a $523.15 million outflow on Tuesday, which is its largest single-day exit since launch.
• The ETF has experienced five consecutive days of outflows, totaling $1.43 billion.
• Bitcoin’s price dropped below $90,000 earlier this week after hitting an all-time high of $126,080 in early October.
• Institutional investors are adjusting their positions in bitcoin rather than exiting the market entirely.
• BlackRock’s spot Ethereum ETF ETHA saw $165 million in net outflows while other Ethereum funds recorded smaller inflows.

BlackRock’s iShares Bitcoin Trust (IBIT) reported a $523.15 million net outflow on Tuesday, its highest since debuting. This marked the fifth straight daily outflow for the BlackRock Bitcoin ETF, now totaling $1.43 billion for the week. Market analysts attributed this trend to institutional adjustments rather than a complete pullback.

BlackRock Bitcoin ETF Posts Record Outflows

BlackRock’s IBIT lost $523.15 million on Tuesday, surpassing the previous record of $463 million from November 14. The BlackRock Bitcoin ETF has now recorded four consecutive weeks of net outflows, totaling $2.19 billion. These consistent outflows reflect a clear downward trend since late October.

IBIT holds $72.76 billion in net assets, maintaining its position as the largest spot bitcoin ETF globally. Despite its size, the fund has faced sustained pressure due to bitcoin’s price volatility. The crypto fell below $90,000 earlier this week, dropping from an October peak of $126,080.

The BlackRock Bitcoin ETF’s latest outflows came even as bitcoin rebounded slightly, rising 1.6% to $91,849 in the last 24 hours. Institutional investors seem to be adjusting positions rather than exiting entirely. Vincent Liu, CIO at Kronos Research, said: “Record-high IBIT outflows signal institutional recalibration, not capitulation.”

Spot Ethereum ETFs Follow Similar Pattern

Spot Ethereum ETFs also experienced withdrawals, led by BlackRock’s ETHA which saw $165 million in net outflows on Tuesday. In contrast, Grayscale, Bitwise, VanEck, and Franklin Templeton combined for only $91 million in inflows. The outflows outweighed gains, showing weakness across Ethereum ETF products.

ETHA’s losses added to the broader trend of reduced flows into crypto-linked products. Traders adjusted positions as they awaited clearer macroeconomic signals. Liquidity concerns remain tied to the ongoing U.S. government shutdown and the Federal Reserve’s upcoming rate decision.

Market watchers expect rate cuts could restore confidence, but timing remains uncertain. The CME Group’s FedWatch Tool placed a 48.9% chance on a December 25-basis-point cut. Until then, flows into Ethereum ETFs may continue to fluctuate.

Solana ETFs Attract Consistent Inflows

Solana ETFs bucked the trend with fresh demand and recorded their 16th straight day of net inflows on Tuesday. Bitwise’s BSOL led with $23 million in inflows, while Grayscale’s GSOL posted $3.19 million. These gains pushed total Solana ETF inflows to $420.4 million since October 28.

Two new Solana ETFs launched Tuesday—Fidelity’s FSOL and Canary Capital’s SOLC. FSOL saw $2.07 million in first-day inflows, while SOLC reported no activity. Despite that, the segment continues attracting capital across several issuers.

Vincent Liu commented, “Solana ETF 16 day streak of inflows signal altcoins drawing allocators, delivering yield, and gaining traction.” BSOL’s performance has demonstrated strong investor interest even as broader crypto ETFs struggle.

Daily Totals Reflect Widening ETF Gap

Total daily net outflows for all spot bitcoin ETFs stood at $372.7 million. The BlackRock Bitcoin ETF accounted for most of the losses, overwhelming inflows into competitors. Grayscale and Franklin Templeton posted gains, but not enough to offset IBIT’s movement.

While ETH and BTC ETFs reported net outflows, some altcoin products saw different results. Canary’s XRP ETF added $8.32 million on Tuesday, showing ongoing altcoin appeal. Its Litecoin and Hedera ETFs, however, remained flat with zero reported flows.

The BlackRock Bitcoin ETF remains the largest of its kind, but recent data show a clear shift in investor behavior. With macroeconomic uncertainty persisting, funds may continue to rebalance until clearer signals emerge. All eyes remain on the Fed’s December decision and liquidity trends.

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