BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) has just recorded its largest outflow since it launched a year ago — as United States trading resumed on Jan. 2
BlackRock’s spot Bitcoin exchange-traded fund saw a record outflow of $330.8 million, or more than 3,500 Bitcoin (BTC), on Jan. 2, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer.
It is the largest ever outflow since the product launched in January 2024, eclipsing the previous record of $188.7 million on Dec. 24, according to Farside Investors.
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