Bitcoin Outflows Surge Past $430 Million, Ending Inflow Streak

BlackRock’s iShares Bitcoin Trust (IBIT) has experienced a significant outflow of $430 million, marking an end to a 31-day inflow streak and setting a new record for daily withdrawals. This event comes as the Bitcoin price dipped slightly, down 2.3%, despite maintaining a 9% monthly gain. Industry experts are closely watching the developments, with CEO Larry Fink and BlackRock’s leadership remaining silent on the sudden shift.