The US Bitcoin ETF market is bleeding! Investors are rushing to withdraw their funds due to the lackluster BTC price. BlackRock iShares Bitcoin Trust (IBIT) recorded its largest daily outflow since its launch almost a year ago. 😅

CoinGlass data shows that on January 2, investors withdrew about $332.6 million from IBIT. The total outflow from 11 Bitcoin ETFs reached $247.8 million, although there was a small inflow of $106 million.

But don't worry! Despite IBIT's declining performance, it remains the largest Bitcoin ETF with AUM of over $51 billion. In fact, IBIT once beat BlackRock's gold ETF record in less than a year!

What do you think about this trend? Let's discuss in the comments column!