BlackRock’s iShares Bitcoin Trust (IBIT) recently witnessed a significant outflow of $430 million, marking the end of a 34-day streak of continuous inflows. This event has sparked discussion about the influence of major ETFs on Bitcoin’s market dynamics and investor sentiment. This massive outflow, the largest since IBIT’s launch, follows an impressive run for the ETF, which grew to nearly $70 billion in assets due to consistent inflows. 2024 saw a similar withdrawal from Grayscale’s GBTC, showcasing the market’s response to institutional action in the cryptocurrency sector. The latest outflows could indicate shifting institutional sentiment, with experts suggesting that they might impact Bitcoin prices and overall market trends. The article details insights on the subject.