|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
BlackRock's Bitcoin ETP Records Largest Outflow Since Launch as US Trading Resumes
Jan 03, 2025 at 11:19 am
BlackRock's spot Bitcoin exchange-traded fund saw a record outflow of $330.8 million, or more than 3,500 Bitcoin
BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest outflow on Jan. 2 as trading resumed in the United States.
According to the CEO of crypto-reviews portal Apollo, Thomas Fahrer, BlackRock’s spot Bitcoin exchange-traded fund saw a record outflow of $330.8 million, or more than 3,500 BTC on Thursday. This marks the third consecutive trading day of outflows for the BTC investment product.
It is the largest outflow since the product launched in January 2024, eclipsing the previous record of $188.7 million on Dec. 24, according to Farside Investors.
The move follows a market closure on New Year’s Day. However, the outflows come as BlackRock ranked third for inflows among all exchange-traded funds in the United States in 2024 with $37.2 billion, according to data from Bloomberg shared by senior ETF analyst Eric Balchunas.
The leading ETF was the Vanguard 500 Index Fund (VOO), with $116 billion in inflows for the year, while the iShares Core S&P 500 ETF (IVV) closed second with $89 billion in inflows.
“So maybe in 2025, Bitcoin ETFs take top spot via more inflows and higher prices,” commented Bitcoin pioneer Adam Back.
Top US ETFs in 2024 by inflows (screenshot)
Bucking BlackRock’s outflow trend on Thursday were Bitwise, Fidelity, and Ark 21Shares, which saw fund inflows of $48.3 million, $36.2 million, and $16.5 million on Jan. 2, respectively. Grayscale’s Bitcoin Mini Trust also saw a minor inflow of $6.9 million but its larger GBTC fund outflowed $23 million.
Related: BlackRock's Bitcoin ETF tops rivals in 2024 net inflows
On Jan. 2, ETF Store president Nate Geraci made a few predictions for crypto ETFs in 2025.
These included the launch of combined spot BTC and Ether ETH tokens >$3,458.02 on Jan. 2 at 09:01 AM Eastern time.
“Actually, these all will happen,” he said.
Magazine: How crypto laws are changing across the world in 2025
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- Sugar Defender Reviews: Does It Really Work? (2023 Update)
- Jan 05, 2025 at 04:25 pm
- In today's health-conscious world, managing blood sugar levels is a growing concern for many individuals. Enter Sugar Defender, a dietary supplement marketed as a natural solution to help regulate blood sugar levels and improve overall metabolic health. But how effective is it? In this detailed review, we’ll explore the key features, benefits, customer reviews, and more to determine if Sugar Defender lives up to its claims.
-
-
-
-
- A festival is coming to Sussex this summer as the national railway celebrates its 200 year anniversary
- Jan 05, 2025 at 04:25 pm
- The Royal Mint has launched a commemorative £2 coin inspired by the opening of the Stockton and Darlington Railway in 1825, to mark this year's 200th anniversary of the modern railway.
-
- Bitcoin (BTC) Market to Remain Listless Until Trump Takes Office, Crypto Trader The Crypto Dog Predicts
- Jan 05, 2025 at 04:25 pm
- Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn into office.
-
- Shiba Inu (SHIB) and Dogecoin (DOGE) Price Predictions – Where Will They Be in 2026?
- Jan 05, 2025 at 02:45 pm
- In the crypto world, time can turn small investments into massive profits! With meme coins like SHIB and DOGE, it's not just about the quick gains—it's about holding long-term and watching your profits grow exponentially over the years!