Bitcoin’s Star ETF Sees a Rare Stampede for the Exits as Outflows Top $528 Million
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IShares Bitcoin Trust Registered’s flagship spot Bitcoin ETF, IBIT, recorded a sharp single-day outflow of $528.3 million on February 2, 2026, in a move that punctuates growing investor unease with the crypto market’s latest downturn. The withdrawal represents roughly 0.82% of the fund’s $64.28 billion in assets under management (AUM), a notable but not yet destabilizing chunk for one of the largest Bitcoin vehicles in traditional finance.
The outflow follows a three-month slide in the underlying asset, with the related cryptocurrency, BTC-USD, currently trading at $78,342.01. Over the past three months, Bitcoin has fallen about 29.0%, erasing a significant portion of its previous gains and testing the conviction of late-cycle buyers who piled into spot ETFs during the prior rally.
Short-term signals remain cautious. Bitcoin’s 1-day technical outlook is flashing a Sell indication, reflecting persistent selling pressure and momentum tilting to the downside. That backdrop helps explain why some institutional and retail investors are locking in profits or cutting risk via IBIT, even as the ETF’s overall AUM still underscores deep structural demand for Bitcoin exposure.
Still, the scale of IBIT’s latest withdrawal—though far from a run—will be watched closely as a barometer of sentiment toward crypto as an asset class. If outflows continue or accelerate, it could signal a shift from tactical rebalancing to a more durable de-risking phase in Bitcoin-linked products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.