Bitcoin ETFs Start 2025 With Record Outflows

01/04/2025 04:33
Bitcoin ETFs Start 2025 With Record Outflows

BlackRock’s flagship bitcoin fund IBIT led a $464.8 million exodus amid a crypto price slide.

Bitcoin ETFs See Record Outflows to Start the New Year

Bitcoin ETFs See Record Outflows to Start the New Year

Bitcoin ETF outflows intensified in the first trading session of 2025, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest-ever single-day withdrawal of $332.6 million, according to data from U.K.-based asset manager Farside Investors.

The outflows surpassed IBIT’s previous record of $188.7 million set on Dec. 24, marking the fund’s third consecutive day of withdrawals—its longest streak since launching, the data show.

Bitcoin’s price stood at around $97,433 Friday, having retreated nearly 10% from its all-time high of $108,268 in mid-December.

The broader bitcoin ETF market saw a combined five-day outflow of $464.8 million, with IBIT accounting for more than half of the withdrawal at $256.7 million, according to Farside data.

Some competitors bucked the trend, with the Bitwise Bitcoin ETF (BITB) attracting $48.3 million in new investments Thursday, while the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) drew $36.2 million and $16.5 million, respectively, the data revealed.

Over the last five trading days, however, these funds showed mixed performances, with BITB recording net outflows of $18.7 million, FBTC seeing withdrawals of $35.4 million, while ARKB managed to attract $53.2 million in new investments, according to Farside.

Grayscale’s products showed mixed results, with its Grayscale Bitcoin Mini Trust (BTC) gaining $6.9 million while the larger Grayscale Bitcoin Trust ETF (GBTC) lost $23.1 million on Thursday, Farside reported.

The five-day figures for Grayscale’s products revealed deeper declines, with GBTC seeing outflows of $187.7 million and BTC losing $13.5 million during the period, the data showed.

Meanwhile, the VanEck Bitcoin ETF (HODL) recorded modest inflows of $8.2 million over the five days, while the Franklin Bitcoin ETF (EZBC) and Valkyrie Bitcoin Fund (BRRR) maintained stable asset levels.

Despite the recent outflows, IBIT remains the dominant player with $36.9 billion in inflows since the fund launched last year, while the total bitcoin ETF market has attracted $35 billion in net investments since inception, according to Farside data.

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