Record Outflow from BlackRock's Bitcoin ETF Amid Market Volatility

user avatar

by Giorgi Kostiuk

2 years ago

On the first trading day of 2025, BlackRock's Bitcoin ETF experienced a significant fund outflow, marking the largest in its history. This event underscores the cryptocurrency market's high volatility.

Largest Outflow from IBIT

According to SpotOnChain, on January 2nd, BlackRock's Bitcoin ETF recorded its largest outflow of $332.62 million, the highest since the fund's inception on January 11, 2024. Over three days, a total of $392.6 million was withdrawn from the fund. These outflows highlight the stable changes in the volatile cryptocurrency market, where macroeconomic conditions like interest rate changes may affect investors' risk tolerance.

Competitors Show Positive Inflows

While BlackRock faced outflows, competitors like Bitwise, Fidelity, and Ark 21Shares reported positive inflows of $48.3 million and $36.2 million respectively. Ark 21Shares, Grayscale Mini, and VanEck also saw inflows of $16.5 million, $6.9 million, and $5.51 million.

Outflows in Ethereum ETFs

Additionally, two Ethereum ETFs saw significant outflow activity on January 2, 2025, with $77.51 million withdrawn. SpotOnChain data indicated that outflows came from Bitwise ETH ETF and Grayscale's ETH ETF, which lost $56.11 million and $21.4 million respectively. The remaining seven Ethereum ETFs did not experience any outflows on January 2, 2025.

Despite notable outflows, BlackRock's Bitcoin ETF remains a significant player in the U.S. market, emphasizing the importance of strategic investment approaches during volatile market conditions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.