Bitcoin and BlackRock ETFs are making a splash! 2024 is shaping up to be a great year for Bitcoin ETFs, especially BlackRock’s iShares Bitcoin Trust ETF (IBIT). Bitcoin prices reached $108,315 in December. However, the end of the year brought changes.

- IBIT experienced the largest outflow, $333 million in a day, for three consecutive days. This was driven by year-end portfolio adjustments and profit-taking. Even so, IBIT remains strong with $53 billion in assets.

- The broader Bitcoin ETF market also recorded an outflow of $2 billion. However, this is considered a routine adjustment. ETFs from Bitwise and Fidelity instead recorded inflows, indicating a change in investor strategy.

- Despite the challenges, Bitcoin ETFs continue to play an important role. With the potential for pro-crypto policies and the prediction of Bitcoin reaching $200,000 by 2025, the future looks bright. 🚀