BlackRock Bitcoin ETF sees record outflow of 1.26 billion dollars.

BlackRock's Spot Bitcoin ETF Faces Tough Days

BlackRock’s spot Bitcoin ETF, IBIT, experienced record net outflows this month, losing 1.26 billion dollars. This situation has raised concerns among investors and increased pressure on the market.

The price of IBIT has decreased by %16 this month, falling to around 52 dollars. This price level was last seen in April. In response to this volatility, investors have increased demand for put options as a precautionary measure.

Put options are used as a risk management tool, and their prices have reached the highest point in the last seven months compared to call options, which is noteworthy. This situation indicates that expectations for further declines in the market are rising.