The post BlockRock’s IBIT Under Pressure? Bitcoin ETF Outflow Hits Record $332M appeared first on Coinpedia Fintech News
In a surprising turn of events, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a massive $332.6 million outflow on January 2—its largest withdrawal since launching a year ago. This came right after U.S. markets reopened following the New Year holiday, continuing a three-day streak of redemptions.
For the week, total outflows reached $392.6 million, surpassing the previous record of $188.7 million on December 24.
But what does this mean for the future of crypto ETFs, especially with competition heating up and Bitcoin’s price in the spotlight? Let’s break down the latest trends and what experts predict for 2025.
BlackRock’s Bitcoin ETF Remains a Major Player
Despite these outflows, BlackRock’s Bitcoin ETF remains a significant force in the U.S. market. In 2024, it ranked third for net inflows among all U.S.-listed ETFs, attracting $37.
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