Bitcoin investors withdraw $331M from BlackRock IBIT ETF

BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest outflow since its launch, with $330.8 million withdrawn on January 2, 2025.

This withdrawal, equivalent to over 3,500 Bitcoin (CRYPTO:BTC), marked a significant shift in investor sentiment following the market’s reopening after the New Year’s Day closure.

It also set a new record for the largest single outflow from the fund, surpassing the previous record of $188.7 million on December 24, 2024.

Furthermore, this marked the third consecutive day of outflows from the Bitcoin-focused exchange-traded fund (ETF), continuing the trend that started on December 30, 2024.

Over the past week, the IBIT fund has seen $391 million in total outflows.

Despite these outflows, BlackRock’s IBIT remains one of the top-performing ETFs.

In 2024, it ranked third for inflows among all ETFs in the U.S., accumulating $37.2 billion, according to Bloomberg data.

The Vanguard 500 Index Fund and the iShares Core SP 500 ETF ranked first and second, respectively, with $116 billion and $89 billion in inflows.

“Maybe in 2025, Bitcoin ETFs take top spot via more inflows and higher prices,” Bitcoin pioneer Adam Back commented on the possibility of Bitcoin ETFs becoming more prominent in 2025.

Other cryptocurrency ETFs showed contrasting trends, with Bitwise, Fidelity, and Ark 21Shares seeing inflows of $48.3 million, $36.2 million, and $16.5 million, respectively, on January 2.

Grayscale’s Bitcoin Mini Trust saw a small inflow of $6.9 million, but its larger GBTC fund experienced an outflow of $23 million.

Experts like Nate Geraci have predicted the launch of new crypto ETFs in 2025, including combined spot Bitcoin and Ether (CRYPTO:ETH) ETFs and potential spot Solana (CRYPTO:SOL) ETFs.

At the time of reporting, the Bitcoin price was $96,478.40.