BlackRock’s iShares Bitcoin Trust (IBIT) recorded $65.4 million in net outflows on October 12, representing the entire redemption from US spot Bitcoin ETFs that day. All other funds posted zero net flows, making IBIT the sole fund with activity. By comparison, US spot Bitcoin ETFs saw $484.9 million in net outflows on October 7, with IBIT contributing $207.7 million. The October 12 withdrawal remains negligible relative to IBIT’s historical cumulative net inflows of $65.67 billion, representing about one-tenth of one percent. This isolated redemption suggests motivations specific to IBIT holders rather than a broad market exit signal.
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