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      BlackRock's iShares Bitcoin Trust Sees $65.4 Million Outflow on October 12

      On October 12, 2026, BlackRock's iShares Bitcoin Trust (IBIT) experienced net outflows totaling $65.4 million, which accounted for the entirety of outflows in the U.S. spot Bitcoin ETF market on that day. This marked a significant event as all other spot Bitcoin ETFs remained unchanged, indicating that the outflows were specific to IBIT.

      The recent outflow follows a more tumultuous period for the Bitcoin ETF market, particularly on October 7, when U.S. spot Bitcoin ETFs collectively faced a peak single-day outflow of $484.9 million. IBIT contributed $207.7 million to that total, highlighting its prominence in the market. In contrast, the outflow on October 12 was approximately one-third of IBIT's earlier redemption, suggesting a decrease in selling pressure.

      IBIT remains the largest Bitcoin ETF by assets and historical inflows, with cumulative net inflows around $65.67 billion. The recent outflow represents a minor fraction of this total, indicating that while there is some movement, it does not reflect a widespread trend among Bitcoin ETF investors. The overall U.S. spot Bitcoin ETF market manages about $106 billion in assets, representing roughly 6.35% of Bitcoin's total market capitalization, underscoring the significance of these flows in the broader cryptocurrency landscape.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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