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BlackRock's Spot Bitcoin ETF Sees Record Outflows

BlackRock's Spot Bitcoin ETF Sees Record Outflows

HappyCoinNewsHappyCoinNews2024/12/27 01:45
By:HappyCoinNews

The largest spot bitcoin ETF investment company BlackRock recorded its largest outflow in a single day in its history. On Christmas Eve, December 24, from the iShares fund Bitcoin Trust ETF (IBIT) investors withdrew more than $188,7 million, beating the previous record of $72,7 million set on December 20.

Of the 12 exchange-traded funds that invest in Bitcoin , withdrew $338,4 million. Over four days, the total net outflow was a record $1,52 billion.

BlackRock's Spot Bitcoin ETF Sees Record Outflows image 0

On Christmas Eve Bitcoin - a fund from Fidelity and a joint ETF from ARK and 21Shares lost $83,2 million and $75 million, respectively. The Bitwise ETF was the only one to record an inflow of funds, at $8,5 million.

US spot ETH- ETF , on the contrary, are celebrating the second positive day in a row. On December 23, the funds received almost $130,8 million from investors, while on December 24, the inflow was more modest — about $53,6 million.

BlackRock's Spot Bitcoin ETF Sees Record Outflows image 1

Interestingly, issuers of spot ETH- ETF , launched in July 2024, could not boast of a good start to trading compared to Bitcoin -funds. However, since the end of November, they have been gaining popularity among investors. In total, nine ETH- ETF have raised over $2,51 billion since launch.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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