BlackRock’s IBIT Sees Record $332M Outflow Amid Market Adjustments
BlackRock’s Bitcoin ETF, IBIT, faced its largest daily outflow on Thursday, marking a turbulent start to the new year for the world’s largest publicly traded Bitcoin fund.
Data from SoSoValue shows that IBIT, which currently manages over $53 billion in assets, experienced $332 million in net outflows. This figure surpasses its previous outflow record of $188 million set in late December.
While such substantial outflows might signal caution among investors regarding Bitcoin or the ETF itself, they could also reflect routine profit-taking or portfolio rebalancing rather than an outright bearish sentiment.
In contrast, other Bitcoin ETFs saw positive activity. Bitwise’s BITB attracted $48 million in fresh capital, while Fidelity’s FBTC recorded $36 million in inflows. Grayscale’s GBTC joined IBIT in the red, with a $23 million outflow.
At the time of writing, Bitcoin remains resilient, trading just below $97,000, up 1.5% over the last 24 hours.