BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

BlackRock’s iShares Bitcoin Belief (IBIT) recorded its largest single-day outflow of over $332 million on January 1, surpassing its earlier document of $188 million set on December 24, in line with up to date data from Farside Traders.

The huge IBIT withdrawals pushed US spot Bitcoin ETF’s total flows into purple territory on Thursday, at the same time as most rival ETFs posted positive aspects. The Grayscale Bitcoin Belief (GBTC) additionally noticed losses of practically $7 million.

Bitwise Bitcoin ETF (BITB) led day by day inflows with $48 million, adopted by Constancy Smart Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin (ARKB), and Grayscale Bitcoin Mini Belief (BTC). These funds collectively took in roughly $108 million on Thursday.

Excluding Valkyrie’s Bitcoin ETF, the ten US-based spot Bitcoin ETFs recorded mixed outflows of $248 million. The week’s whole web outflows have surpassed $650 million.

IBIT’s whole web outflows have reached $392 million since December 3, marking three consecutive buying and selling days of losses. Regardless of the latest outflows, the fund stays the dominant Bitcoin ETF, holding practically 552,000 BTC valued at over $51 billion as of January 2.

Launched in early 2024, IBIT outperformed the overwhelming majority of ETFs all year long. The fund ranked third on Bloomberg ETF analyst Eric Balchunas’ 2024 leaderboard with roughly $37 billion in year-to-date flows, trailing solely the established index giants VOO and IVV.

This is remaining 2024 High 20 ETF Leaderboard: $VOO ended w/ $116b which is $65b past outdated document (absurd). $IVV closed robust w $89b (bc used greater than $SPY for TLH?). $IBIT took third spot w $37b (nonetheless <1yr outdated!). Complete flows at $1.14T, which broke outdated document by 25%, or $225b..🔥🔥 pic.twitter.com/RRCbHEAN9Q

— Eric Balchunas (@EricBalchunas) January 2, 2025

Share this text