BlackRock’s IBIT Sees $292 Million Outflow in Bitcoin ETFs
BlackRock iShares Bitcoin Trust (IBIT) faced significant outflows on August 4, totaling $292 million, the largest since May. This coincided with selling pressure on Bitcoin.
- IBIT recorded net inflows exceeding $57.5 billion in July, with total inflows of $5.2 billion for the month.
- IBIT's net inflows are nearly five times greater than those of its competitor, Fidelity's FBTC.
Bitcoin ETF Activity Cools Down
- US-listed spot Bitcoin ETFs experienced aggregate outflows for the third consecutive day on August 4.
- Fidelity’s FBTC had approximately $40 million in redemptions, while Grayscale Bitcoin Trust (GBTC) saw $10 million in outflows.
- Only Bitwise’s BITB attracted inflows, amounting to $18.7 million.
- The overall outflow moderated compared to an $812 million exodus on August 1.
Institutional Demand Remains Intact
- Bloomberg’s ETF Strategist noted a slowdown in private asset sales in 2025, while digital assets and hedge funds increased their market share.
- Digital assets attracted $60 billion in capital inflows as of July 22, following a record $85 billion in 2024.
- Bitcoin volatility has decreased, with the 90-day rolling volatility for IBIT dropping below 40 for the first time since its launch in January 2024.