BlackRock's Bitcoin Trust (IBIT) Sees Record $333M Outflow on First Day of Trading in 2025

BlackRock's iShares Bitcoin Trust (IBIT) saw its largest single-day net outflow on Thursday as investors pulled a total of $332.6 million from the exchange-traded fund, according to data from Farside Investors.

The outflows come as no surprise considering that IBIT, which is the largest of all the bitcoin ETFs with about $54 billion in net assets, saw record-breaking inflows in 2024. Specifically, IBIT saw inflows of over $37 billion last year, which helped propel bitcoin to an all-time high of over $108,000 in December. Notably, Thursday marked the third consecutive day of outflows for IBIT, bringing the total outflows for the week to nearly $393 million.

However, 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.

For instance, IBIT competitors such as Bitwise's BITB and Fidelity's FBTC saw inflows of $48 million and $36 million, respectively. In aggregate, ether ETFs also performed poorly on Thursday with outflows of $77.5 million in total, according to Farside Investors.

Bitcoin is currently trading around $98,000. Some analysts, such as Blockware Solutions' William Clemente, now believe that the crypto asset could rally to new all-time highs of $180,000 or higher in 2025 with potential nation state adoption being a key indicator to watch for this year.