BlackRock's iShares Bitcoin Trust (IBIT) recorded a record fund outflow of $332.62 million, marking its largest single-day outflow since its launch.
Record Outflows from Bitcoin ETF
On January 2, 12 Bitcoin exchange-traded funds collectively reported an outflow of $242.3 million as U.S. trading resumed. The largest outflow was recorded by BlackRock's iShares Bitcoin Trust, with $332.62 million, marking the largest single-day outflow since the fund's launch on January 11, 2024. The total outflow over three days reached $392.6 million. Despite this, BlackRock's IBIT remains ranked third in inflows among all U.S. ETFs in 2024, with $37.2 billion.
Future Outlook for Crypto ETFs
Nate Geraci, president of ETF Store, shared his predictions for crypto ETFs in 2025. He anticipates the introduction of combined spot BTC and ETH ETFs, the launch of options trading for Ethereum ETFs, and the implementation of in-kind creation and redemption mechanisms for these funds. Additionally, he forecasts the inclusion of staking features for spot Ether funds and the approval of a spot Solana ETF.
Current Cryptocurrency Market Trends
The total daily trading volume for these investment products stood at $3.24 billion on January 2, significantly higher than the previous trading day. At press time, Bitcoin was up 2% in the last 24 hours, trading at $96,893, while Ethereum was up 1.7%, trading at $3,458 per coin.
While BlackRock's Bitcoin fund recorded significant outflows, other crypto ETFs saw inflows, highlighting the continued investor interest in cryptocurrency products despite market fluctuations.
