BlackRock's IBIT redemption broke 50 million in a single day, and Bitcoin ETF had a net outflow for 4 consecutive days

According to Woofun AI, the withdrawal of capital led by IBIT (IBIT.US), a subsidiary of BLK.US (BLK.US), caused the Bitcoin spot ETF to show a net outflow trend for the fourth day in a row. This reversal in capital flow broke the previous pattern where such products continued to absorb capital, and marked a significant shift in market sentiment.

According to Farside Investors data, the net outflow of the US Bitcoin spot ETF on July 28 was about 49.7 million US dollars, of which IBIT (IBIT.US) had a single-day net outflow of 54.8 million US dollars, setting the record for the largest redemption in a single day since its launch earlier this year. In stark contrast to this, Grayscale's BTC Mini Trust Fund (BTC.US) recorded a moderate net inflow of $5.1 million, which hedged overall selling pressure to a certain extent.

According to data compiled by Woofun AI, this difference in performance between leading products profoundly reflects the shift in investors' preferences under the trade-off between cost structure and brand reputation.

Against the backdrop of rising volatility in the cryptocurrency market and BTC prices being held back at key resistance levels, investors are closely examining macroeconomic factors such as the Federal Reserve's interest rate decisions and regulatory developments. Although continuous outflows suggest short-term bearish sentiment and profit settlement behavior between institutions and retail investors, since the scale of outflows is still limited compared to the overall scale of asset management, the market has not fallen into a state of overall risk aversion, which is more reflected in position adjustments during the consolidation phase.

The continued outflow of BlackRock (BLK.US) IBIT (IBIT.US) coexists with the buffering effect of Grayscale Mini BTC (BTC.US), which highlights the current market's cautious attitude. In the next few weeks, if there is no more drastic retracement or a new round of fund-raising movements, this mixed pattern may continue, and we need to focus on observing whether there is a substantial trend shift in capital flows.