BlackRock

Bitcoin ETF

Bitcoin

<p>BlackRock’s iShares Bitcoin Trust recorded another sizable redemption on October 16, with $71.8 million leaving IBIT as institutional crypto flows remained weak.</p>
<p>The headline can sound more dramatic than the underlying mechanics. This was not evidence that BlackRock itself made a proprietary decision to dump Bitcoin. ETF investors redeemed shares, forcing the fund <a href="https://captainaltcoin.com/bitcoin-bull-market-not-yet-analyst-warns/" rel="noopener noreferrer nofollow">structure to reduce the Bitcoin</a> backing those shares. IBIT accounted for most of the $82.4 million in total U.S. spot Bitcoin ETF outflows that day.</p>
<p>That distinction is important, but the flow still tells us something about demand.</p>
<h2 class="wp-block-heading" id="bitcoin-and-ethereum-etfs-had-a-difficult-week">Bitcoin and Ethereum ETFs Had a Difficult Week</h2>
<p>From October 12 through October 16, <a href="https://alphafinance.io/etf/bitcoin/" rel="noopener noreferrer nofollow">U.S. spot Bitcoin ETFs </a>recorded:</p>
<ul>
 <li>October 12: -$65.4 million</li>
 <li>October 13: +$175.7 million</li>
 <li>October 14: -$261.4 million</li>
 <li>October 15: +$5.1 million</li>
 <li>October 16: -$82.4 million</li>
</ul>
<p>That leaves Bitcoin ETFs with roughly $228.4 million in net withdrawals across the five sessions.</p>
<blockquote class="twitter-tweet">
 <p>JUST IN: BlackRock sells $71.78 million worth of $BTC. https://t.co/8eYgMQ7XCo</p>— Whale Insider (@WhaleInsider) <a href="https://x.com/WhaleInsider/status/2111305206973534263?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2026</a>
</blockquote>
<p>Ethereum funds performed even worse. Spot ETH ETFs lost approximately $320.1 million over the same period, with only October 13 finishing positive. October 16 alone produced another $69.7 million withdrawal, reportedly entirely from BlackRock’s ETHA.</p>
<p>Combined, Bitcoin and Ethereum ETFs lost about $548.5 million from October 12 through October 16.</p>
<h2 class="wp-block-heading" id="what-does-blackrock-s-bitcoin-outflow-mean">What Does BlackRock’s Bitcoin Outflow Mean?</h2>
<p>The timing comes during a difficult period for crypto. Bitcoin dropped below $80,000 this week as hotter inflation and economic data increased concerns that U.S. rates could remain elevated.</p>
<p>ETF redemptions can add another source of spot selling when markets are already weak.</p>
<p>Still, one week of withdrawals does not mean institutional demand for Bitcoin has disappeared. IBIT remains by far the largest U.S. spot Bitcoin ETF, with about $62.5 billion in net assets and cumulative inflows of roughly $65.6 billion since launch.</p>
<p>The more useful signal will be whether ETF flows recover as Bitcoin stabilizes. Continued withdrawals would reinforce the current risk-off environment, whereas renewed inflows could indicate that investors are beginning to use the latest decline as an entry point.</p>
<p>For more crypto news and price predictions,&nbsp;<a href="https://captainaltcoin.com/" rel="noopener noreferrer nofollow">click here</a>.</p>
<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="2026 Crypto Card Ranking — Massive CHANGES Nobody Expected!" src="https://www.youtube.com/embed/gVOD-NjXLDo?feature=oembed" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
 </div>
</figure>
<p>The post <a href="https://captainaltcoin.com/blackrock-sells-bitcoin-again-numbers-are-worrying/" rel="noopener noreferrer nofollow">BlackRock Sells Bitcoin AGAIN! (Numbers Are Worrying)</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

BlackRock Sells Bitcoin AGAIN! (Numbers Are Worrying)

Table of Contents

CaptainAltcoin

Other articles published on Oct 17, 2026

Hex Founder Richard Heart Detained in Istanbul on Finnish Interpol Red Notice

Riot Platforms Switches Its Bitcoin Custodian From NYDIG to BitGo Bank

Why Ledger’s Security Check Failed to Stop $91M Hack

SEI Perpetual Futures: Could the CFTC Filing Open New Doors?

fixCleanup3_4_0 goes live on the XRP Ledger on October 23, but lending still has no date

Google’s Advance Puts Bitcoin’s Exposed Keys in Focus

Join our free newsletter for daily crypto updates!