Clients of financial giant BlackRock withdrew $202.48 million from the iShares Bitcoin Trust (IBIT) in a single trading day, ending a streak of record inflows. This outflow was offset by a shift toward Ethereum ETFs, which recorded net inflows of $26.32 million, including $11.39 million into BlackRock’s own ETH fund. Despite this massive transfer, Bitcoin’s price declined by only 1% and held firmly above $65,400, demonstrating remarkable resilience amid a U.S. tech crash that erased $800 billion in market capitalization. IBIT still manages over $60 billion, with total inflows into spot Bitcoin ETFs exceeding $51.63 billion since their launch.
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