BlackRock iShares Bitcoin Trust sees $65.4 million outflow on Oct 12
Image: Cryptonews.comBlackRock's iShares Bitcoin Trust recorded a $65.4 million net outflow on October 12, while every other US spot Bitcoin ETF posted zero net flows. The outflow is about one‑tenth of one percent of IBIT's cumulative $65.67 billion inflows. US spot Bitcoin ETFs hold roughly $106 billion, or 6.35% of Bitcoin's market cap, and Bitcoin traded in the low‑to‑mid $80,000s.
Key points
- IBIT recorded $65.4 million net outflow on Oct 12, the only US spot Bitcoin ETF with movement.
- All other US spot Bitcoin ETFs posted zero net flows on the same day.
- IBIT's cumulative net inflows total about $65.67 billion, making the outflow roughly one‑tenth of one percent.
- US spot Bitcoin ETFs manage around $106 billion, roughly 6.35% of Bitcoin's market cap.
- Bitcoin traded in the low‑to‑mid $80,000 range during the period.
Why it matters
The outflow shows fund‑specific redemption activity without a sector‑wide shift, keeping overall ETF exposure stable. Investors can gauge institutional demand trends through such flow data.
What's unclear
The specific reasons behind the IBIT‑only redemption on Oct 12 are not identified.
It is unclear whether the outflow signals a broader change in institutional demand for Bitcoin ETFs.
Price context · BTC
At publication
$83,187.00
Now
$83,206.00
Change since
+0.02%
7 days · dashed line = publication
Sources · 2 publishers
Cryptonews.com
Tier 2
Bitcoin ETF Outflows Reach $65 Million as BlackRock Bleeds Cash
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Cryptonews.com
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
