BlackRock’s IBIT Bitcoin ETF Sees Record Largest Single-Day Outflow
BlackRock's IBIT experienced US$ 332.6 million in the biggest single-day selling occasion up until now, though it stays the biggest Bitcoin ETF holder with 551,076 BTC and recuperated with significant inflows on January 3.
While Bitcoin methods US$ 100,000 once again and Ethereum gains 8% week-over-week, Fidelity's FBTC exceeded IBIT with US$ 357 million in inflows on Friday.
Ethereum ETFs revealed volatility with US$ 36 million net inflows ending 2024, followed by US$ 77.5 million outflows on January 2, before recuperating with US$ 58.9 million inflows led by BlackRock's ETHA and Fidelity's FETH.
In spite of strong inflows into the United States Spot Bitcoin exchange-traded funds (ETFs), recently the biggest of these ETFs took some earnings. BlackRock's IBIT saw US$ 332.6 million (...