IBIT Suffers Record Daily Outflow As Bitcoin Tumbles Below $90K
IBIT just posted its biggest daily outflow ever as the world’s largest bitcoin fund sees assets plunge and investors head for the exits.
The iShares Bitcoin Trust ETF (IBIT) logged its worst single-day outflow since launch on Tuesday, with $523 million leaving the fund, according to Bloomberg data. The previous record was set just last Friday, when $463 million exited.
It’s been a brutal stretch for the world’s largest bitcoin ETF. Roughly $1.4 billion has left IBIT over the past week and $1.9 billion over the past month. Assets under management have slid from a peak of $99.4 billion on Oct. 6 to about $70 billion today.
While the outflows are significant, most of the drop in AUM reflects price action rather than investors pulling money out. IBIT has swung from a 34% year-to-date gain to a 4% year-to-date loss as bitcoin fell from its record high of $125,000 last month to below $90,000 this week for the first time in seven months.
The sell-off has come during a broader risk-off move across financial markets, but bitcoin has been notably weak. For comparison, the Invesco QQQ Trust (QQQ) has fallen more than 6% over the same stretch, while the VanEck Semiconductor ETF (SMH) is down 10%.
IBIT isn’t the only spot bitcoin ETF under pressure. Over the past month, investors have pulled $643 million from the Fidelity Wise Origin Bitcoin Fund (FBTC), $397 million from the Grayscale Bitcoin Trust ETF (GBTC), $179 million from the ARK 21Shares Bitcoin ETF (ARKB), $108 million from the Grayscale Bitcoin Mini Trust ETF (BTC) and $83 million from the Bitwise Bitcoin ETF (BITB).
Despite the downturn, spot bitcoin ETFs still show positive inflows for 2025. Year to date, the category has attracted $23 billion, driven almost entirely by IBIT’s $25.9 billion haul. GBTC, meanwhile, has seen $3.4 billion in redemptions.
