The US spot Bitcoin ETF ended a 16-day streak of inflows this week as the crypto market experienced a significant pullback. During this period, the BlackRock Bitcoin ETF (IBIT) recorded its largest outflow since its launch, raising concerns among investors. Meanwhile, Fidelity's FBTC also experienced its largest outflow ever earlier this week, reflecting a decline in investors' risk appetite.
BlackRock Bitcoin ETF Hits Record Outflow
The recent crash in the crypto market has taken a toll on investor sentiment, as evidenced by the significant pullback in digital assets. During the recent Bitcoin crash, the US spot Bitcoin ETF also saw outflows this week, ending a 16-day streak of inflows on December 18.
According to data from Farside Investors, the BlackRock Bitcoin ETF (IBIT) recorded its highest single-day outflow since its launch on December 20 (Friday), amounting to $72.7 million. Just the day before, Fidelity's FBTC also saw an outflow of $208.5 million, marking the largest single-day outflow for this investment tool since its launch in the US in January 2024. On December 19 and 20, the overall outflows from the US spot Bitcoin ETF were $671.9 million and $277 million, respectively.
