SoSoValue

BlackRock

Iconic

<a href="https://www.thestreet.com/crypto/markets/mysterious-trader-dumps-1b-from-blackrock-etf" rel="noopener noreferrer nofollow">BlackRock, Inc.</a> (NYSE: BLK) launched its spot U.S. exchange-traded fund (ETF) tied to Bitcoin (BTC) on Jan. 11, 2024.
It was a historic moment for the crypto industry as the launch demonstrated the growing faith of Wall Street in digital assets.
Several large players like <a href="https://www.thestreet.com/crypto/markets/morgan-stanley-files-for-cheapest-bitcoin-etf" rel="noopener noreferrer nofollow">Morgan Stanley</a> (NYSE: MS) and <a href="https://www.thestreet.com/crypto/investing/franklin-templeton-to-launch-24-7-trading-for-equity-gold-etfs" rel="noopener noreferrer nofollow">Franklin Templeton</a> (NYSE: BEN) have also launched Bitcoin ETFs by now.
<h3 id="popular-on-thestreet-roundtable">Popular on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/cathie-wood-sends-strong-prediction-on-bitcoin-despite-massive-outflows" rel="noopener noreferrer nofollow">Cathie Wood sends strong prediction on Bitcoin</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/china-japan-uae-india-sell-billions-in-u-s-treasuries" rel="noopener noreferrer nofollow">China, Japan, UAE, India sell billions in U.S. Treasuries</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/xrp-traders-withdraw-millions-of-dollars-in-24-hours" rel="noopener noreferrer nofollow">XRP traders withdraw millions of dollars in 24 hours</a></li>
</ul>
<h2 id="blackrock-s-ibit-logs-second-largest-daily-outflow">BlackRock's IBIT logs second-largest daily outflow</h2>
It has been more than two years since then and the iconic fund has gone through its ups and downs.
BlackRock's <a href="https://www.thestreet.com/crypto/markets/blackrock-hits-69-billion-milestone-after-2-years" rel="noopener noreferrer nofollow">iShares Bitcoin Trust ETF</a> (Nasdaq: IBIT) tracks the price of Bitcoin and gives investors indirect Bitcoin exposure.
The way Bitcoin hit the record high price of&nbsp;$126,080 on Oct. 6, 2025, IBIT's price also hit the record high of $71.82 the same day.
The fund similarly mirrored Bitcoin's downfall over the next months.
Bitcoin is currently trading 40% lower than its record high at&nbsp;$73,388.24. IBIT is also trading 40% lower than its record high and closed at $42.45 on May 27.
It also marked the second-worst day for the BlackRock fund as it logged $527.84 million in net daily outflow <a href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC&amp;isDynamicHkPage=1" rel="noopener noreferrer nofollow">as per SoSoValue</a>.
<figure><a href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC&amp;isDynamicHkPage=1" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 iShares Bitcoin Trust (IBIT), Source: SoSoValue
 </figcaption>
</figure>
The fund saw a net daily outflow of $528.30 million on Jan. 30, its worst day ever.
As of May 27,&nbsp;IBIT has a cumulative net inflow of $64 billion and holds net assets worth $59.48 billion.
Collectively, there are 13 spot Bitcoin ETFs listed in the U.S. market <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">which have</a> a cumulative net inflow of $56 billion, and hold total net assets worth&nbsp;$96.45 billion as of May 27.
<a href="https://www.thestreet.com/crypto/markets/goldman-sachs-files-with-sec-to-launch-bitcoin-fund" rel="noopener noreferrer nofollow">Related: Goldman Sachs files for first Bitcoin ETF</a>

Wall Street giant’s ETF suffers second-worst outflow ever

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