BlackRock’s Bitcoin ETF Logs $41.9M Outflow as ETFs Shed $171M
U.S. spot Bitcoin ETFs saw net outflows of $171.2M, led by $41.9M withdrawn from BlackRock’s IBIT, marking the largest daily drain in three weeks. Analysts highlight stable institutional demand and warn rising U.S. 10-year Treasury yields (up 45 bps to ~4.40%) may weigh on Bitcoin’s price.
1. ETF Outflows and IBIT Details
U.S. spot Bitcoin ETFs saw net withdrawals totaling $171.2 million in one day, the largest since early March; BlackRock’s iShares Bitcoin Trust led the outflows with $41.9 million, while Fidelity, Bitwise and Ark Invest funds each lost over $30 million.
2. Institutional Demand Outlook
Despite the recent outflows, institutional demand for Bitcoin remains steady, evidenced by earlier inflows during price downturns and a shift towards ETF, corporate treasury and structured financing participation, supporting a more stable investor base.
3. Yield Pressure on Bitcoin
Rising U.S. Treasury yields—up 45 basis points to approximately 4.40%—have increased the appeal of government bonds over non-yielding assets; analysts warn yields approaching 5% could prompt portfolio rebalancing away from Bitcoin.
4. Long-Term Price Projection
Research suggests Bitcoin may have established a price floor and could rally towards $150,000 by end of 2026, driven by increased institutional ownership and reduced reliance on retail-driven volatility.