BlackRock's Bitcoin ETF, IBIT, is seeing a notable outflow of over $2.7 billion, its longest streak since launch, driven by investors de-risking amid market volatility. Yet, IBIT’s seen some of history’s biggest inflows, hinting at normalization after months of heavy buying .
Eric Balchunas notes the outflows are ~3% of IBIT’s AUM—97% of investors are still hodling despite Bitcoin’s 35% dip from peak. Translation?
Not as crazy as it sounds. Market could steady soon .
Bitcoin’s price? Down to ~$92,000, off 27% from October high. Outflows show sentiment shift in this momentum game… but institutions are still bullish Bank of America’s expandin’ crypto access, and BlackRock’s CEO calls BTC an “asset of fear” (in a good way? ).
