IBIT Outflow of $292 Million: Is the Bitcoin ETF Cooling Down?
On Monday, BlackRock's iShares Bitcoin Trust (IBIT) recorded an outflow of $292.5 million, marking the largest single-day net outflow since May. Previously, Bitcoin had declined over 8.5% from its mid-July peak to $112,300, causing a cooling of investor sentiment due to short-term volatility.
The ETF market has seen net outflows for the third consecutive day:
Fidelity FBTC outflow of $40 million
Grayscale GBTC outflow of $10 million
Bitwise BITB slight inflow of $18.7 million
This indicates a divergence of funds while the market seeks a new balance around $112,000.
The large outflow from IBIT this time is a result of BTC's short-term volatility and technical adjustments, and it should not be overly interpreted as a "sell signal." On the contrary, it is worth noting that Bitcoin's volatility has continued to decline since the ETF launch, and the market structure is stabilizing, which is favorable for medium- to long-term institutional entry.
Although traditional private equity assets have cooled, digital assets have attracted over $60 billion in inflows this year, with institutional allocations gradually aligning towards Bitcoin; this trend is far more valuable for reference than the short-term outflows.
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