BlackRock's IBIT Clients Withdraw $19.23 Million From Bitcoin ETF
- —The $19.23 million outflow was just 0.03% of IBIT's $60.6 billion in assets
- —About $463 million left U.S. spot bitcoin ETFs from September 8–11
- —Since January 2024, IBIT has attracted about $64 billion in net inflows
- —Withdrawals go through custodian Coinbase Prime; BlackRock only executes redemptions
Why it matters: The outflow is small for IBIT, but the streak of withdrawals amid Fed rate expectations signals risk-off sentiment among institutions.
Source: Crypto Briefing