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Cryptocurrency News Articles

BlackRock Recommends Bitcoin Allocation for Portfolios as Bitcoin and Ether ETFs Face Outflows

Dec 25, 2024 at 06:07 pm

BlackRock's iShares Bitcoin Trust ETF (IBIT) saw its largest single-day outflow on December 24, with $188.7 million withdrawn

BlackRock Recommends Bitcoin Allocation for Portfolios as Bitcoin and Ether ETFs Face Outflows

Major U.S. Bitcoin ( BTC ) ETFs saw their largest single-day outflows on December 24, as investors continued to pull funds from the new instruments, CoinGlass data showed.

The iShares Bitcoin Trust ETF (IBIT) saw $188.7 million flow out of the fund on Christmas Eve, the largest single-day outflow since its launch in March. The previous record was set two trading days prior with outflows of $72.7 million.

Altogether, U.S.-based spot Bitcoin ETFs saw a collective $338.4 million flow out of the funds on December 24. Since December 19, these funds have now seen a net total of $1.52 billion in outflows.

Among the funds, theを出力の一部を隠す

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