BlackRock’s IBIT Bitcoin ETF Sees Record $330 Million Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) ETF recorded its largest outflow since its launch a year ago, marking a significant moment for the Bitcoin ETF market.
The latest outflow surpassed the previous record of $188.7 million set on December 24, 2024.
IBIT bleeds, Bitcoin ETF outflow reaches $242 million
according to Data from SoSoValueOn January 2, the fund exited a record $330.8 million, equivalent to more than 3,500 Bitcoins. Following record outflows from IBIT, the BTC ETF’s daily net outflows totaled $242 million.
January 2 was also the third consecutive day that IBIT was outflowed, setting a new record. According to data remote investorIn the past week alone, total outflows from BlackRock’s Bitcoin Trust reached $391 million.
Meanwhile, Fidelity, Ark, Bitwise Bitcoin ETF On January 2, net inflows were US$36.2 million, US$16.54 million and US$48.31 million respectively.
Bloomberg ETF analyst says IBIT outflows Eric Balchunas noted in December IBIT is the greatest of all ETFs launched. He says this because BlackRock is rising faster than any ETF in global markets.
“IBIT’s growth is unprecedented. It is the fastest ETF to achieve most milestones, faster than any other ETF in any asset class. At current asset levels and an expense ratio of 0.25%, IBIT is expected to earn Take about $112 million,” said James Seyffart, another leading ETF analyst.
As of December 31, IBIT held over 551,000 BTC. Since launching IBIT, BlackRock has Acquired over 2.38% of all Bitcoins That will always be there.
BlackRock’s confidence in Bitcoin is evident as the firm says it doesn’t plan to Launch of any new altcoin-focused ETFsfocusing only on BTC and ETH.
In December, Jay Jacobs, head of BlackRock’s ETF division, emphasized that the firm intended to focus on expanding coverage of its existing Bitcoin and Ethereum ETFs, which have performed exceptionally well so far. interestingly, BlackRock analysts also recommend Recently, Bitcoin should account for 1% to 2% of a traditional 60/40 portfolio.
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