BlackRock's IBIT Bitcoin ETF saw a record $332 million net outflow on Thursday, the largest since its launch a year ago.

Key Takeaways BlackRock's iShares Bitcoin Trust experienced a new record of $332.6 million for single-day outflows on Thursday.That brought IBIT outflows to nearly $393 million for the week.Other bitcoin ETFs saw minor inflows,

BlackRock's iShares Bitcoin ETF saw its biggest 1-day outflow yesterday as shareholders took profits to the tune of $333 million.

IBIT also secured third place on Bloomberg’s 2024 top 20 ETF leaderboard after it netted $37 billion in year-to-date flows, only behind Vanguard S&P 500 ETF (VOO) and iShares CORE S&P 500 ETF (IVV).

Asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) is now reportedly managing over $50 billion in assets just 11 months after its launch.

BlackRock's Bitcoin ETF sees record-high outflows of $332 million, impacting US spot Bitcoin ETF market dynamics negatively.

Traders pulled $333 million from BlackRock's spot bitcoin ETF on Thursday, marking the fund's longest losing streak as the crypto rally pauses.

BlackRock Bitcoin ETF (IBIT) experienced its highest single-day outflow of $330 million while recording three consecutive days of outflows.

Bitcoin (BTC-USD) investors closely watched a dramatic shift in the market on Thursday, as the world’s largest bitcoin-backed exchange-traded fund saw its biggest ever daily outflows, with more than $300M flowing out of the fund in a single day.

The just-concluded year, 2024, set a new benchmark for the ETF industry, with Bitcoin ETFs contributing massively to a historic total net inflows of $1.14 trillion. The BlackRock Bitcoin ETF (IBIT) secured $37.