The new year began with intensified outflows from Bitcoin ETFs, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest-ever single-day withdrawal of $332.6 million on the first trading session of 2025. This data, provided by U.K.-based asset manager Farside Investors, highlights a significant shift in market sentiment.
The $332.6 million outflow surpassed IBIT’s previous record of $188.7 million set on December 24. This marks the fund’s third consecutive day of withdrawals, its longest streak since its launch, according to Farside’s data.
Meanwhile, Bitcoin’s price has faced pressure, standing at approximately $97,433 on Friday. This represents a nearly 10% decline from its mid-December all-time high of $108,268.
Broader Bitcoin ETF Market Trends
Across the broader Bitcoin ETF market, outflows have been widespread. Over the past five trading days, Bitcoin ETFs collectively saw outflows totaling $464.8 million. Notably, IBIT accounted for more than half of this amount, with $256.7 million in withdrawals during the same period, Farside reported.
Despite the dominant trend of outflows, some competitors experienced contrasting performance. For example, the Bitwise Bitcoin ETF (BITB) attracted $48.3 million in new investments on Thursday. Similarly, the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) garnered $36.2 million and $16.5 million in fresh inflows, respectively.
However, the picture over the five-day period has been mixed. BITB recorded net outflows of $18.7 million, while FBTC saw withdrawals of $35.4 million. In contrast, ARKB managed to secure $53.2 million in new investments during the same timeframe, Farside’s data showed.
Grayscale and Other Bitcoin ETF Movements
Grayscale’s products also showed varied results. The Grayscale Bitcoin Mini Trust (BTC) gained $6.9 million on Thursday, but its larger counterpart, the Grayscale Bitcoin Trust ETF (GBTC), saw a $23.1 million loss on the same day.
Looking at the five-day trend, Grayscale’s challenges were more pronounced. GBTC experienced outflows of $187.7 million, while BTC posted a $13.5 million decline during the period.
Elsewhere, the VanEck Bitcoin ETF (HODL) recorded modest inflows of $8.2 million over the past five days. The Franklin Bitcoin ETF (EZBC) and Valkyrie Bitcoin Fund (BRRR) managed to maintain relatively stable asset levels despite the market turbulence.
IBIT’s Market Leadership Remains Intact
Despite recent outflows, IBIT continues to dominate the Bitcoin ETF market. Since its launch last year, the fund has attracted $36.9 billion in inflows. Meanwhile, the total Bitcoin ETF market has accumulated $35 billion in net investments since inception, Farside’s data revealed.
While the market experiences short-term volatility, these figures underscore the sustained investor interest in Bitcoin ETFs as a vehicle for cryptocurrency exposure. How this market evolves in 2025 will be a key trend to watch for investors and analysts alike.
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