Bitcoin ETF Outflows Hit Record High as BlackRock Sees Five Day Bleed

$BTC just took a serious hit from big investors. BlackRock’s iShares Bitcoin Trust saw a huge $523 million in net outflows—the biggest single-day withdrawal since the fund started. This marks five straight days of money pouring out, totaling more than $1.4 billion, as institutions pump the brakes and get cautious.

Even though IBIT still has over $72 billion in assets, it’s been four weeks in a row of outflows. Pressure ramped up when Bitcoin dropped below $90,000, after hitting $126,000 in early October. That drop didn't help anyone's nerves.

People watching the market say this isn’t a full-blown exit. It’s more like a tactical move. Institutions are pulling back, waiting for clearer signals before stepping in again. The drawn-out U.S. government shutdown dried up liquidity, and everyone’s got their eyes on the next Federal Reserve rate decision, which is making investors think twice about risk.

Once things settle and there’s a little more clarity, the money could start flowing back in. For now, Bitcoin’s still in the spotlight, with the biggest players shuffling their positions and getting ready for whatever’s next.