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Bitcoin investors withdraw record $331 million from BlackRock’s iBit

On January 2, 2025, BlackRock’s iShares Bitcoin Trust experienced a historic outflow of $330.8 million, marking its largest withdrawal since its inception in January 2024. The ETF continued facing outflows for three consecutive trading days, culminating in $391 million over the past week. Despite these withdrawals, BlackRock maintained a strong inflow of $37.2 billion throughout 2024, ranking third among U.S. ETFs.

Contrasting BlackRock’s trends, funds like Bitwise, Fidelity, and Ark 21Shares saw inflows. Market analysts predict that 2025 may witness an increase in Bitcoin ETF inflows alongside advancements in cryptocurrency ETFs, including the potential introduction of combined BTC and Ether products. This Optimism suggests a positive future for the crypto investment landscape.

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