Markets
Share this article

BlackRock's Bitcoin ETF Sees Record Daily Outflow as the Basis Trade Starts to Unwind

BlackRock's IBIT saw a record outflow on Wednesday of over $418 million.

By James Van Straten|Edited by Parikshit Mishra
Feb 27, 2025, 9:18 a.m.
FastNews (CoinDesk)
FastNews (CoinDesk)

What to know:

BlackRock's iShares Bitcoin Trust (IBIT) saw record outflows of $418.1 million on Wednesday as bitcoin (BTC) dropped to around $82,000.

All U.S. spot-listed exchange-traded funds saw a total outflow of $754.6 million. According to Farside data, there have been $3.6 billion of outflows since Feb. 7.

Coinglass data shows that IBIT had $4.19 billion worth of volume traded during Wednesday's session, the sixth-highest ETF traded in the US.

The Chicago Mercantile Exchange (CME) is also seeing open interest drop to 155,270 BTC, the lowest level since November. This is a sign that the basis trade is starting to unwind.

Bitcoin NewsBlackRockFastNewsETF

More For You

Protocol Research: GoPlus Security

By CoinDesk Research
Nov 14, 2025
Commissioned byGoPlus
GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

Sizin için daha fazlası

Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze

Yazan Shaurya Malwa|Editör Sam Reynolds
24 dakika önce
Coinbase (appshunter.io/Unsplash/Modified by CoinDesk)

Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.

Bilinmesi gerekenler:

  • Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues.
  • The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year.
  • Despite regulatory challenges, Coinbase is investing in India, including increasing its stake in local exchange CoinDCX.
Haberin tamamını oku