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.
About The Author
More Stories
BTC’s advance faces a key challenge as the Fed decision looms Wednesday.
Crypto majors سجل strong double-digit weekly gains as Bitcoin tests the $75,000 level before the Fed call
Bitcoin falls under $75,000, with the derivatives-fueled surge already losing steam