BlackRock’s iShares Bitcoin Trust (IBIT) ETF recently experienced its largest outflow since its launch, marking a key moment in the Bitcoin ETF market. This recent outflow of $330.8 million, which occurred on January 2, surpassed the previous record of $188.7 million set in December 2024.
Following the outflow, total daily net outflows of BTC ETFs reached $242 million. This signifies the third consecutive day of outflows for IBIT, setting yet another record.
Meanwhile, other Bitcoin ETFs such as those from Fidelity, Ark, and Bitwise reported net inflows, indicating differing investor sentiment.
Despite the heavy outflows, BlackRock remains focused on Bitcoin and Ethereum, with no current plans for altcoin ETFs. Jay Jacobs, head of BlackRock’s ETF department, emphasized the company's aim to expand the reach of its existing BTC and ETH ETFs.
Experts like James Seyffart noted IBIT’s unprecedented growth as the fastest ETF to reach key milestones, forecasting significant earnings at the current asset level.
