For its first trading day of 2025, BlackRock's IBIT ETF indexed to Bitcoin (BTC) spot recorded its worst day for capital outflows. We take stock of the numbers.
BlackRock's Bitcoin ETF has its biggest day of outflows
THURSDAY, BlackRock's Bitcoin ETF (BTC) experienced its worst day since its creation in terms of net capital withdrawals. And for good reason, the IBIT ended the day with no less than 332.62 million dollars in outflows.
As the graph below shows, this far beats the previous record from January 24, which stood at $188.71 million in net withdrawals:
IBIT inflows and outflows
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Over the entire day on Thursday, however, total outflows from spot Bitcoin ETFs were less negative than the performance of the IBIT, given that some funds recorded positive net inflows. Thus, the outflows amount to $242.3 million.
This amount does not constitute a record, and it is rather a matter of looking at last December 19, which had suffered 680 million dollars in net outflows on all spot Bitcoin ETFs.
More broadly, these withdrawals are part of a context of slight correction in BTC, now down around 10% since its historic high of $108,000 on December 17:
BTC price in daily data
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After the significant increase at the end of the year, it is normal that the market is now catching its breath with profit-taking, and this behavior is also observed among institutional investors, as here in the case of ETFs. Now, the challenge will be to see if a bullish recovery will take shape quickly, or if the decline will continue.
In the meantime, BTC is trading at $96,550 at the time of writing, stable over 24 hours.
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Sources: SosoValue, TradingView
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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