Story perspectives
BlackRock Bitcoin Trust Sees $332M Outflow Amidst ETF Growth
1/3/2025
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Story summary
- BlackRock's iShares Bitcoin Trust (IBIT) experienced a record outflow of $332.6 million on January 2, 2025.
- This outflow marks a total of $392.6 million over three consecutive days.
- Despite this, IBIT attracted $37.2 billion in inflows for 2024, ranking third among U.S. ETFs.
- Competitors Bitwise and Fidelity also reported inflows, highlighting market competition.
- Analysts foresee growth for Bitcoin ETFs in 2025 due to rising adoption and innovation.
