Mike Smith
4 days ago
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The iShares Bitcoin Trust (IBIT), managed by BlackRock, recorded the largest one-day outflow of funds in its history. This happened on January 2, 2025, immediately after trading on American exchanges resumed after the New Year holidays.
According to Farside Investors, $332.6 million was withdrawn from the fund on this day. For comparison, the previous outflow record, set on December 24, 2024, was $188.7 million. Thus, the new figure is almost twice as high as the previous maximum.
The IBIT fund set another anti-record: the outflow of funds from it continued for three trading days in a row. During the last week of 2024, investors withdrew $392.6 million from the fund.
However, if we consider the results of last year as a whole, the picture looks much more optimistic. According to Bloomberg data provided by senior ETF analyst Eric Balchunas, BlackRock's bitcoin fund took third place among all U.S. exchange-traded funds in terms of funds raised, at $37.2 billion.
The Vanguard 500 Index Fund took first place with $116 billion, and the iShares Core S&P 500 ETF took second place with $89 billion. Bitcoin pioneer Adam Back noted that the growing interest in bitcoin funds could lead them to leadership in 2025, especially against the backdrop of increasing capital inflows and rising valuations of digital assets.
Despite the significant outflow from IBIT, other funds showed positive dynamics. For example, Bitwise raised $48.3 million, Fidelity increased assets by $36.2 million, and Ark 21Shares received an inflow of $16.5 million. Grayscale's Bitcoin Mini Trust added $6.9 million.
However, the large GBTC fund, also owned by Grayscale, recorded a loss of $23.1 million. As a result, the total capital outflow for the day amounted to $242 million - this is the amount by which IBIT's losses exceeded the total inflow into other crypto funds.
ETF Store President Nate Geraci shared forecasts for 2025, noting that the crypto ETF market is expected to change significantly. Among the key trends, he highlighted the emergence of combined spot Bitcoin and Ethereum ETFs, the launch of options trading on Ethereum ETFs, the creation of funds with the ability to directly exchange underlying assets, the introduction of staking for Ethereum funds, as well as the approval of a spot ETF on Solana.
According to experts, these initiatives are capable of attracting additional interest from institutional investors and strengthening the position of cryptocurrency ETFs in the global market.
