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Steven Walgenbach

BlackRock's IBIT Bitcoin ETF Logs $10B Trading Day as BTC Slides and Investors Sell

On Thursday, BlackRock's iShares Bitcoin Trust (IBIT) registered about $10 billion in trading volume while its share price dropped 13% amid a sharp Bitcoin selloff. The ETF has faced mounting outflows, with $373.4 million redeemed on Wednesday and only ten net inflow days in 2026, as Bitcoin has fallen roughly 50% from its early October all-time high near $126,000 to around $64,000. Analysts warn that macroeconomic pressure, derivatives liquidations and possible large-scale "campaign selling" are weighing on sentiment, leaving many IBIT investors now under water.