BlackRock’s Bitcoin ETF Sees Record $332M Outflow Amid Market Adjustments
BlackRock’s IBIT, the leading spot Bitcoin ETF, experienced its largest single-day outflow on Thursday, highlighting shifting investor sentiment as the market enters the new year.
Data from SoSoValue shows that IBIT recorded $332 million in net outflows, surpassing its previous record of $188 million set in late December. Despite managing over $53 billion in assets, the significant withdrawal raises questions about investor strategy and market outlook.
Market analysts suggest these outflows may be driven by portfolio rebalancing or profit-taking rather than outright pessimism toward Bitcoin or the ETF itself.
In contrast, competing ETFs saw positive flows, with Bitwise’s BITB gaining $48 million and Fidelity’s FBTC adding $36 million. Grayscale’s GBTC, however, joined IBIT in recording outflows, shedding $23 million.
Bitcoin, meanwhile, held steady just below $97,000, reflecting a modest 1.5% gain over the past 24 hours.
