The world’s largest asset management company BlackRock‘s spot Bitcoin $96,632.0 Its ETF, the iShares Bitcoin Trust ETF (IBIT), saw the largest daily outflow of money in its history on Thursday, with a net outflow of $332.6 million. This record outflow surpassed the $188.7 million outflow on Christmas Eve. IBIT’s transaction volume reached 2.26 billion dollars on the same day. Experts state that the outflows are due to market conditions or investors’ portfolio adjustments.
Different Trends Among Spot Bitcoin ETFs
BlackRock IBITAlthough it could not reach the high inflow figures of the beginning of December 2024 with the new year, it became the largest spot market with a total net inflow of 36.9 billion dollars. Bitcoin It remains an ETF. The total net asset value of the fund reached 53.5 billion dollars.
With this Bitwise48.3 million dollars to ‘s BITB fund, FidelityThere was a net inflow of 36.2 million dollars to the FBTC fund of . VanEck, Ark Invest And GrayscaleWhile ‘s funds were also accessed, Grayscale’s GBTC There was a net outflow of 23.1 million dollars from the fund.
The data reveals a total net outflow of $242.3 million from U.S. spot Bitcoin ETFs on the last trading day on Thursday.
Outflows from Spot Ethereum ETFs Also Accelerated
Spot Ethereum 
$3,464.0 ETFs saw a net outflow of $77.5 million on the same day. Bitwise ETHW fund accounted for $56.1 million of these outflows. Grayscale’s ETHE 21.4 million dollars came out of the fund.
Although trading volume for spot Ethereum ETFs increased to $397.2 million, the funds remained at a total net inflow of $2.58 billion.
While the news was being prepared, the price of Bitcoin was traded at $96,690 with an increase of 1.3 percent, while the price of Ethereum was traded at $3,457 with an increase of 1.44 percent in the same period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
