BlackRock Bitcoin ETF clients pull $104.97 million from the fund

Investors in BlackRock's iShares Bitcoin Trust redeemed roughly $105 million as trading activity across spot Bitcoin ETFs cooled sharply Clients of BlackRock’s Bitcoin ETF sold $104.97 million worth of Bitcoin. That is real money leaving the largest spot Bitcoin fund in the US. Before anyone pictures Larry Fink personally dumping coins, this was not BlackRock trading for its own book. The outflow came from investors redeeming their shares. BlackRock simply ran the checkout line. What happened The fund in question is the iShares Bitcoin Trust, ticker IBIT. It is the leading spot Bitcoin ETF by assets and by accumulated inflows. The $104.97 million figure lines up closely with broader category data. US spot Bitcoin ETFs reported $104.9 million in net outflows on February 18, 2026. The timing matters as much as the size. Trading volume across these products dropped by nearly 80% from a peak recorded on February 5. Total ETF volume fell to just over $3 billion during this stretch. The institutional shuffle behind the numbers Daily flows tell you what happened on one day. Quarterly 13F filings tell you who has been rearranging the furniture. For readers unfamiliar with them, 13F filings...