In mid-January, the US Bitcoin spot ETF market experienced a large-scale capital outflow not seen in nearly two months. Data shows that the total net outflow on a single day reached as high as $707.3 million, and market sentiment clearly shifted to caution.
The most notable was the performance of BlackRock's flagship IBIT product. This fund saw a net outflow of 3,970 Bitcoins in a single day, equivalent to approximately $355.23 million. Trading activity also increased significantly, with daily trading volume reaching around $3.6 billion.
This wave of capital outflow broke the previous stable trend. This move by institutional investors reflects some concerns about short-term market prospects and has prompted market participants to reassess the attractiveness of spot ETFs as a Bitcoin allocation tool. How it will evolve moving forward remains to be seen, and continued observation of trading data is necessary.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
SocialAnxietyStaker
· 1h ago
700 million poured in, is BlackRock also panicking? This situation is interesting.
Institutions are tired of bottom-fishing and are now cutting losses.
Even IBIT has run away, so what can we still trust?
View OriginalReply0
MetaverseLandlady
· 20h ago
Is the black swan coming? BlackRock's move to withdraw is quite aggressive.
Institutions are panicking, which makes me feel at ease haha.
700 million lost in a day, this pace... we'll see how it plays out later.
Wait, is this a shakeout or is it really going to drop? It's a bit unsettling.
View OriginalReply0
SchrodingerProfit
· 20h ago
Starting to cut again? Even BlackRock is fleeing, what else can I do?
The signal of institutional withdrawal, I need to think it over.
Weekly big swings, this market is really a bit annoying.
36 billion in trading volume... Is this someone taking over or someone trying to top out?
Has spot ETF become a safe haven? Laughing out loud, I wish I hadn’t messed with this thing.
Running $700 million in one day, what does that mean? Big players probably don’t have a clear idea.
Just wait, the next step will definitely be a drop, institutions are usually right.
With this rhythm, short-term adjustments are probably needed, friends.
View OriginalReply0
WhaleWatcher
· 21h ago
The black swan is back, and BlackRock is starting to run as well
Institutions are really timid; throwing 700 million away like nothing, just watching the show
Wait, is this about crashing the market or are they really scared?
In mid-January, the US Bitcoin spot ETF market experienced a large-scale capital outflow not seen in nearly two months. Data shows that the total net outflow on a single day reached as high as $707.3 million, and market sentiment clearly shifted to caution.
The most notable was the performance of BlackRock's flagship IBIT product. This fund saw a net outflow of 3,970 Bitcoins in a single day, equivalent to approximately $355.23 million. Trading activity also increased significantly, with daily trading volume reaching around $3.6 billion.
This wave of capital outflow broke the previous stable trend. This move by institutional investors reflects some concerns about short-term market prospects and has prompted market participants to reassess the attractiveness of spot ETFs as a Bitcoin allocation tool. How it will evolve moving forward remains to be seen, and continued observation of trading data is necessary.