BlackRock's Bitcoin ETF Posts Record Single-Day Outflows – Yahoo Finance

• BlackRock's iShares Bitcoin Trust set a new record for single-day outflows on Thursday with $332.6 million.

• This brings this week's IBIT outflow to approximately $393 million.

• Other Bitcoin ETFs saw modest inflows, while the Ethereum ETF saw net outflows of $77.5.

• Despite a lackluster start to the new year, analysts expect Bitcoin to rise to more than $180,000 by 2025.

BlackRock's iShares Bitcoin Trust (ibit) experienced its largest single-day net outflow on Thursday, with investors withdrawing a staggering $332.6 million, according to data from Pharcyde Investors.

IBIT is the largest Bitcoin ETF with approximately $54 billion in net assets. This record leak was Achieving strong performance in 2024IBIT attracts over $37 billion in inflows and sells Bitcoin Record high of over $108,000 in December.

Thursday was the third consecutive day of outflows to IBIT, bringing this week's total to about $393 million.

Bloomberg ETF analyst Eric Balchunas doesn't necessarily see this move as a bearish indicator. “There will be two stages. [forward] And then I take a step back, and lately I've been taking about 6 steps. [forward] Long overdue IMO,” Balciunas posted on X.

Other Bitcoin ETFs recorded modest inflows on the first day of trading in 2025. However, these outflows were far from the amount needed to make up for IBIT's outflows.

For example, IBIT competitors such as Bitwise's BITB and Fidelity's FBTC reported inflows of $48 million and $36 million, respectively. Ethereum ETFs also performed poorly overall, with total outflows of $77.5 million, according to Pharcyde Investors.

Bitcoin is currently around $98,000. Some analysts believe that crypto assets will rise. In 2025, it will reach a record high of over $180,000the potential for nation-state adoption is considered an important indicator to watch this year.

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