Alice Morgan / Investopedia
The Key Takeaways
- BlackRock's iShares Bitcoin Trust experienced a new record of $332.6 million for single-day outflows on Thursday.
- This brings the IBIT withdrawals for this week to almost $393 millions.
- Ethereum ETFs have seen a $77.5 net outflow.
- Analysts believe bitcoin could reach as much as $180,000 by 2025.
BlackRock’s iShares Bitcoin Trust, (IBIT), experienced the largest net outflow in a single day on Thursday. According to Farside Investors, investors withdrew a massive $332.6 Million.
IBIT has a net asset value of around $54 billion, making it the largest bitcoin ETF. The record outflow comes after a strong performance by IBIT in 2024. IBIT accumulated over $37 billion of inflows, which helped to propel bitcoin above $108,000 at its all-time highest in December.
IBIT has experienced three consecutive days of withdrawals, totaling nearly $393m for the entire week.
Bloomberg ETF analyst Eric Balchunas doesn't necessarily see this activity as a bearish indicator. "It's gonna be two steps [forward] and one step back and lately it's been like 6 steps [forward] so long overdue IMO," Balchunas posted on X.
Other bitcoin ETFs saw minor inflows on the first day of trading in 2025; however, these flows were nowhere near what would be necessary to make up for IBIT's outflows.
IBIT’s competitors, such as Bitwise BITB, Fidelity FBTC, and Bitwise’s BITB, reported respective inflows between $48 and $36 millions. Farside Investors reports that Ethereum ETFs have also had a poor performance in aggregate. They recorded combined outflows worth $77.5 millions.
Bitcoin is currently trading at around $98,000. Analysts predict that the cryptocurrency asset will reach new highs in 2025 of up to $180,000.
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