BlackRock’s iShares Bitcoin Trust (IBIT) saw a memorable outflow on the first trading day of 2025. This was the largest day outflow since the Bitcoin ETF started trading one year ago.
BlackRock’s IBIT records the largest outflow
According to metrics shared by crypto analyst SpotOnChain on the X platform, BlackRock’s Bitcoin ETF witnessed its largest outflow on a single day on January 2. As per the data, 11 Bitcoin ETFs combined recorded total outflows of $242.3 million when stock trading resumed in the US on January 2.
BlackRock’s IBIT registered $332.62 million in outflows on Thursday making its highest outflow recorded on a single day since its launch on January 11, 2024. The outflows expanded its withdrawal trend, which accumulatively saw an aggregate of $392.6 million pulled out from the fund in three consecutive days.
[BREAKING] #BlackRock’s iShares Bitcoin Trust (IBIT) saw a record outflow $332.6M (-3,413 BTC) on the first trading day of 2025!This surpassed the ETF’s previous low of $188.7M (-1,933 BTC) on December 24, 2024.In 2024, BlackRock saw cumulative inflows of $37.2B for its… pic.twitter.com/CGQhI3niKb
— Spot On Chain (@spotonchain) January 3, 2025
The latest outflows may be considered as a normal expected change highlighting the dynamics within the volatile cryptocurrency markets. The digital asset markets are recognized for their extreme price fluctuations. Shaper volatility can cause investors to take caution, influencing them to look for safer havens for their funds. Especially macroeconomic conditions, like changes in interest rates and others, can change investor risk tolerance.
While BlackRock’s Bitcoin ETF is witnessing huge outflows, rivals are recording more positive inflows. On January 2, Bitwise, Fidelity, and Ark 21Shares registered inflows of $48.3 million and $36.2 million, respectively, according to data from Spotonchain. Meanwhile, Ark 21Shares, Grayscale Mini, and VanEck also recorded inflows of $16.5 million, $6.9 million, and $5.51 million respectively.
Regardless of the massive outflows, BlackRock’s Bitcoin ETF remains a prominent participant in the U.S. market. Last year, it was third in inflows among all US ETFs, drawing in $37.2 billion. It followed the iShares’ IVV, which gained $89 billion, and the Vanguard’s VOO, which collected $116 billion.
Ethereum ETFs also recorded outflows
Besides that, two Ether ETFs also witnessed an interesting outflow activity on January 2 2025 as a total of $77.51 million was withdrawn from the funds. According to Spotonchain data, the outflows originated from Bitwise ETH ETF and Grayscale’s ETH ETF, which experienced outflows of $56.11 million and $21.4 million respectively.
The remaining seven Ether ETFs, as highlighted on the Spotonchain data, never saw outflow during the second day of January 2025.
