Investors just ripped $333 million out of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in a single day. It’s the largest withdrawal the fund has seen since its blockbuster launch earlier this year.

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

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.

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

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

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).

The tapering of flows to IBIT is another sign of bitcoin’s record-breaking run in 2024 taking a breather. The group of a dozen bitcoin exchange-traded funds in the U.S. have posted a net outflow of about $2 billion since Dec. 19, according to data compiled by Bloomberg.

BlackRock’s iShares Bitcoin Trust (IBIT) experienced a historic outflow of $332.6 million on January 2, marking the largest withdrawal.

After a year of record-breaking success, BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) experienced a significant shift as investors withdrew a net $333 million on Thursday. This marks the largest single-day outflow from the fund since its launch and the third consecutive day of net withdrawals—the longest losing streak for this high-profile