BlackRock Bitcoin ETF saw a record outflow of $1.26 billion.

BlackRock's Spot Bitcoin ETF Faces Tough Days

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

The price of IBIT dropped by %16 this month, falling to $52. This price level was last seen in April. In response to these fluctuations, investors increased their demand for put options to hedge against potential losses.

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. This indicates a rising expectation that the market may decline further.