LAfter dominating the ETF race with consistent daily inflows, BlackRock’s iShares Bitcoin Trust (IBIT) has just hit a massive roadblock — and the numbers don’t lie. Let’s break it down 👇
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🔻 💸 $430.8 Million Pulled in One Day
• IBIT ended its record-breaking 31-day inflow streak
• Single-day outflow of $430.8M — the largest in its history
• Assets under management (AUM) stood near $70B before this event
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📉 📊 Bitcoin ETFs Face Broad Market Pressure
• All 11 U.S. spot BTC ETFs saw total outflows of $616M
• BTC dropped from $110,000 to ~$103,000 📉
• Institutional investors likely rotating positions, not retail panic
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⚠️ 🧠 What This Really Means for Crypto
• Long-term holders (aka "smart money") are likely absorbing the dip
• Rising tech risks like quantum computing add new uncertainty 🧬
• Crypto’s volatility is now tightly linked with ETF dynamics & market cycles
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🧠 Quick Takeaway:
Even titans like BlackRock aren’t immune to crypto's stormy seas. This isn't just a dip — it's a moment of realignment. The question now: Who’s buying the fear?
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