BlackRock’s IBIT Sheds $291M in a Day, as Bitcoin ETFs Pull Back

US spot Bitcoin ETFs saw a significant wave of flows this week, led by BlackRock’s IBIT, which saw its biggest one-day redemption since early August, signaling a shift in short-term institutional sentiment.

The products saw net outflows of $388.43 million on October 30, with BlackRock’s IBIT contributing $290.88 million to the total – the biggest day of outflows for the fund since August 4.

Ark & 21Shares’ ARKB and Bitwise’s BITB followed with flows of $65.62 million and $55.15 million, respectively, according to data from SoSoValue. The weekly netflow has now turned negative, with $607 million coming out of these funds.

Macro uncertainty

The outflows reveal a shift in market emphasis from a supportive political action to future uncertainty.

“The recent Bitcoin ETF flows are likely driven by macro uncertainty following Trump’s recent actions towards China,” said Maarten Regterschot, an analyst at CryptoQuant. Decrypt.

While the Fed gave an expected rate cut, the casting of subsequent comments by President Powell doubt on a December move created new macroeconomic doubts. These concerns have amplified the rotation out of ETFs due to the closed arbitrage window, experts said earlier. said Decrypt.

The bearish bias is most evident in the options market.

The 7-day 25-delta skew, which measures the cost of downside protection, fell sharply from -0.1 to -8 between October 26 and 30, indicating that traders were willing to pay a significant premium for puts, according to It will be a joke data.

While the metric has since slightly ticked, it remains in negative territory, underlining a cautious but slightly improved sentiment in the short term.

The long-term view

Despite current weakness, the long-term picture for institutional adoption remains constructive.

While this week is negative, October’s total ETF inflow remains positive at $3.61 billion, slightly surpassing September’s inflow of $3.53 billion.

It suggests that current flows represent a short-term recalibration rather than a structural reversal of institutional demand that has characterized much of 2025.

“Last year’s Q4 saw a strong inflow of around $11.2B into Bitcoin ETFs,” CryptoQuant’s Regterschot highlighted. “A similar trend could emerge if macro conditions ease and investor sentiment improves.”

The bullish undercurrent is also visible in market sentiment.

In the prediction market Myriadlaunched by DecryptDastan, its parent company, users assigned a 70% chance that Ethereum will hit $5,000 before gold.

Also, the platform’s fear and greed index shows greed stretching out around 59%-indicate that Thursday crashwhich liquidated nearly $1 billion in longs, did little to dent overall trader confidence.