Key Takeaways
- BlackRock's IBIT saw a record $418.1 million in daily outflows on Wednesday.
- U.S. spot Bitcoin ETFs have lost $3 billion over the past seven days.
- Bitcoin has dropped 21% from its all-time high, with a 15% decline this week.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced record net outflows of $418.1 million on Wednesday as Bitcoin’s price correction entered its third day.
This surpasses IBIT’s previous single-day outflow record of $332.6 million set on Jan. 2.
IBIT’s market position
Despite the losses, IBIT remains the largest U.S. spot Bitcoin ETF, with over $40.2 billion in cumulative net inflows and $51.6 billion in assets under management.
The ETF also continues to dominate trading volume, accounting for 72% of Wednesday’s $5.7 billion total across all U.S. spot Bitcoin ETFs.
Broader market trends
The broader Bitcoin ETF market has seen a massive $3 billion exit over the past seven days, including a $754.6 million outflow on Feb. 26—the second-highest daily outflow since these ETFs launched.
Fidelity’s FBTC recorded the second-largest outflows on Wednesday at $145.7 million, followed by ARK Invest’s ARKB at $60.5 million and Grayscale’s Mini BTC fund at $56 million.
Current Bitcoin trading status
Bitcoin is currently trading around 21% below its all-time high, with a 15% drop this week.
Analysts attribute the sell-off to investor uncertainty, particularly around President Trump’s tariff plans and weakening institutional support.
