ISHARES BITCOIN Trust (IBIT), Bag) Bitcoin’s Bag (ETF) faced a major setback with cash managed by BlackRock.
For the first time in 30 days The fund recorded capital at $430 million.According to SOSO Value data, it defeated the stability streak that combined it as a leader in the ETF market.
The move marked the largest capital production in dollars since the fund’s launch in January 2024, with a massive amount of trading reaching $2.7 billion.
This volume reflects the magnitude of operations carried out during the day, proving that it is proof of change in investor behavior.
Despite this stumbling, the background maintains its dominant position. It’s only 17 months since his debut, IBIT has accumulated $700 million With managed assets.
This milestone combines it as the world’s largest Bitcoin ETF. This is the first time since I even arrived in a volatile context a year ago.
Bad day for Bitcoin ETFs
ibit was not alone in registering losses. Cash funds from other Bitcoin They also faced the capital exit on Friday.
The Fidelity Wise Origin Bitcoin Fund (FBTC) reported $13 million, $35 million for the Bitwise Bitcoin ETF (BITB), 120 million for the Ark 21-share Bitcoin ETF (ARKB) and 16 million for the Grayscale Bitcoin Mini Trust ETF (BTC). These figures represent the highest joint capital departure since February 26th.
Meanwhile, the remaining Bitcoin ETFs did not record input or output. In total, funds recorded $616 million..
Impact on Bitcoin Price
ETF performance had a direct impact on the Bitcoin market. These funds operate the purchase and maintenance of Bitcoin to support their actions; They become an important pillar of currency price dynamics.
If investors withdraw capital, managers can be forced to sell a portion of Bitcoin Holdings to cover those redemptions. This increase in supply without comparable demand creates bearish pressure on the price of assets.
Over the past seven days, Bitcoin prices have fallen 2.7% to $104,000 today. This set date arrives after reaching the past maximum of $111,000 in May, as reported in Cryptootics. This reflects the market’s sensitivity to ETF movement.