#blackRock

‼️ BlackRock’s IBIT records record $1.26B outflow as market sharply hedges

BlackRock’s $BTC spot ETF is experiencing its worst month since its launch in January 2024.

IBIT recorded $1.26 billion in net outflows, while the market’s 11 spot $BTC ETFs have lost $2.59 billion.

IBIT price fell 16% to $52, back to April levels, reflecting deteriorating liquidity and rising risks.

Options market confirms nervousness:

• Put-call skew (250d) rose to 3.1%, a 7-month high

• Put options are now the most expensive relative to calls since April

• Demand for downside protection accelerates sharply

IBIT is now moving in sync with broader market stress — and the cost of hedging continues to rise.

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