Bitcoin ETFs Start 2025 With Record Outflows
01/04/2025 04:33BlackRock’s flagship bitcoin fund IBIT led a $464.8 million exodus amid a crypto price slide.
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.