BlackRock’s flagship spot Bitcoin ETF has experienced its first back-to-back withdrawals in weeks, highlighting the growing investor uncertainty surrounding a market downturn. Following a period of robust inflows, redemptions totaling 544 BTC, worth around $57 million, were recorded over two days ending October 16th according to data from HeyApollo. While these withdrawals are relatively minor compared to the fund’s substantial holdings exceeding 804,800 BTC, they coincide with Bitcoin’s sharp price drop below $105,000 and have raised concerns about a potential shift in institutional sentiment. This coincides with a larger trend of declining crypto ETF prices. Market data shows over 4,800 BTC exited U.S.-listed spot ETFs within a single day, marking one of the steepest declines for the sector since August. 150 billion USD was wiped off Bitcoin’s total market capitalization in just 24 hours, erasing recent gains and putting crypto ETFs on par with their worst performance this year.