🚨 Bitcoin ETF Outflow Hits $332M! 🚨
BlackRock’s Bitcoin ETF (IBIT) had its largest withdrawal ever, with $332.6M leaving on January 2. This is part of a larger trend of redemptions, totaling $392.6M for the week.
Despite this, BlackRock’s Bitcoin ETF remains strong, with $37.2B in inflows last year. Experts expect a recovery in 2025 if Bitcoin prices rise.
Other ETFs, like Bitwise and Fidelity, saw gains. Ethereum ETFs are also growing.