BlackRock's iShares Bitcoin Trust recorded its largest single-day outflow of $114.73 million, contributing to $194.64 million in total outflows for BTC exchange-traded funds.
BlackRock clients withdrew $114.73 million worth of Bitcoin from the iShares Bitcoin Trust (IBIT). This move represents the largest outflow from an ETF in a single day during this week. It also pushed the total outflows from all U.S. spot Bitcoin funds to about $194.64 million on that day.
This sale reinforced a broader trend seen in November, where several Bitcoin ETF funds recorded consecutive days in the red. And although the number seems large, major institutions often make such moves for reasons beyond fear or price volatility. During the time these outflows occurred, Bitcoin was trading near the $92,000 level, maintaining its overall trend despite short-term pressures.
IBIT still holds more than 776,000 BTC despite the sell-off.
Despite the withdrawals, BlackRock remains one of the largest holders of Bitcoin globally through the IBIT fund. Arkham data shows that the fund still controls about 776,873 Bitcoins, valued at approximately 71.6 billion dollars at current prices. This means that the recent flow has only slightly affected BlackRock's overall exposure. The fund still manages Bitcoin holdings that exceed the market capitalization of many listed companies.
In other words, what happened was a slight reduction, not a complete exit. Even after the sale, IBIT remains the dominant force in the institutional custody of Bitcoin. The volume alone indicates that long-term positioning remains much stronger than short-term profit-taking.
Rebalancing an investment portfolio… and not panic in the market
Market watchers rushed to dismiss the idea of panic. Several analysts considered this move as part of routine portfolio rebalancing, not a fear-driven sell-off. Major funds often liquidate profits as prices approach local peaks. They also rotate capital towards other assets when the risk equation changes. This does not necessarily indicate a bearish outlook on Bitcoin itself.
One trader summarized it simply: 'For every seller, there is a buyer.' About 115 million dollars of Bitcoin did not disappear; it was absorbed by another party. Reactions on social networks varied between humor and macro analysis, with some mocking the 'liquidation of small traders,' while others pointed out that institutional flows rarely follow emotional signals. They usually reflect a strategy, not sentiment.
The price of Bitcoin remains stable despite the pressures from ETF funds.
Despite significant outflows, Bitcoin did not crash. The price remained stable near key support levels. This indicates strong demand beneath the market. This point is important. In previous cycles, outflows of this magnitude could have caused a deeper drop. Now, the market absorbs this liquidity without violent reactions, reflecting greater depth in liquidity and stronger confidence among buyers.
Meanwhile, long-term narratives remain unchanged. Institutions are still treating Bitcoin as follows:
A means to hedge against currency depreciation.
A tool for diversifying portfolios.
A long-term value storage.
Short-term pressures may continue as funds rebalance their positions before the end of the year. However, the overall market structure remains intact. Spot funds still hold hundreds of billions in exposure to cryptocurrencies across various issuers.
And the current message is clear:
BlackRock clients reaped the profits. Bitcoin continued its course. The market barely reacted.
This balance between selling and absorption reflects the maturity of institutional cryptocurrency markets today.
