BlackRock Bitcoin ETF Records Largest Outflow in History

Date: January 8, 2025

Category: Bitcoin ETF

BlackRock’s spot Bitcoin Exchange-Traded Fund (ETF), iShares Bitcoin Trust (IBIT), has recorded its largest outflow since its launch. On Thursday, January 2, 2025, a total of 3,500 Bitcoin was withdrawn from IBIT, equivalent to $330.8 million or approximately IDR 5.3 trillion.

This information was revealed by Apollo CEO Thomas Fahrer in a post on platform X. The data indicates that this outflow surpasses the previous record of $188.7 million on December 24, 2024. This may suggest that some investors are opting to store their assets in private wallets or sell them in the market.

Additionally, IBIT has seen outflows for three consecutive days since December 30, 2024, with a weekly total of $391 million. Despite this, IBIT remains one of the largest ETFs in the U.S. in 2024, with total inflows reaching $37.2 billion.

Looking ahead, analysts like Adam Back and Nate Geraci are optimistic about the continued growth of Bitcoin ETFs. They foresee potential launches of Bitcoin-Ether spot ETFs and the possible approval of Solana spot ETFs this year.

Source: Coinvestasi

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please conduct thorough research before investing.