BlackRock reported a significant outflow of $980 million in Bitcoin from its iShares Bitcoin Trust (IBIT) on September 23, as per data from Arkham. This development comes amid increased Bitcoin market volatility, with the cryptocurrency trading below $113,000. Despite the outflows, BlackRock maintains its position as the largest crypto fund, holding over $87.5 billion in Bitcoin. The outflows are linked to the ETF's redemption process rather than speculative selling, according to reports. Additionally, Ethereum ETFs experienced $76 million in outflows on September 22, with BlackRock responsible for $15.1 million of this amount. The market is observing these movements closely, especially in light of broader market declines influenced by global monetary policy shifts.