Investor Exodus Triggers Record Outflow in BlackRock’s Bitcoin ETF

BlackRock’s Bitcoin ETF Faces Record $332M Outflow as Investors Rebalance Portfolios

BlackRock’s IBIT, the world’s largest spot Bitcoin ETF, recorded its largest-ever daily outflow on Thursday, signaling cautious investor sentiment at the start of the year.

According to data from SoSoValue, IBIT witnessed $332 million in net outflows, surpassing its previous record of $188 million set in late December. Despite managing over $53 billion in assets, the substantial outflow raises questions about investor confidence and broader market positioning.

Analysts suggest that such outflows might not indicate a bearish outlook but could instead reflect profit-taking strategies or routine portfolio rebalancing among institutional investors.

In contrast, rival ETFs showed healthier metrics, with Bitwise’s BITB attracting $48 million in inflows and Fidelity’s FBTC gaining $36 million. Grayscale’s GBTC also experienced minor outflows of $23 million.

At press time, Bitcoin remained stable, trading just below $97,000, marking a 1.5% increase over the past 24 hours.