BlackRock Bitcoin fund sees largest outflow in 9 weeks

BlackRock’s IBIT saw a $292M outflow Monday — its largest in nine weeks — as Bitcoin rebounded from weekend losses and spot ETF momentum cooled.

BlackRock’s US-listed Bitcoin fund recorded its biggest outflow since May as Bitcoin dipped over the weekend and recovered slightly on Monday. 

BlackRock’s iShares Bitcoin Trust (IBIT) saw an outflow of $292.5 million on Monday, its largest in two months. There was also a minor outflow on Friday, which ended a 37-day inflow streak. 

The reversals come as Bitcoin (BTC) fell further from its July 14 all-time high over the weekend, retreating 8.5% to bottom out at $112,300 on Sunday before recovering to $115,000 in late trading on Monday. 

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