Bitcoin ETFs Just Had Their Biggest Outflow Day Since June. Is the Selling Over?

Impact · against what's priced in

The current Bitcoin ETF outflows are largely a continuation of trends already baked into COIN and BLK valuations, though the scale of the recent exit reinforces bearish momentum. SoFi's promotional activity is not a fundamental driver relative to its core business model assumptions.

BLK−0.10

Already priced in

The price assumes

treating it as a cyclical peak rather than a new baseline

The $364 million exit from IBIT over 48 hours confirms the market's view that recent AUM growth was cyclical rather than a permanent baseline for 20% annual growth.