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Bitcoin ETF has record exit and analyst says ‘it’s the end’
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After a 2024 marked by record inflows, Bitcoin ETFs face a rocky start to 2025, with significant outflows of US$243.3 million, highlighting the withdrawal of US$330.8 million from BlackRock’s iShares Bitcoin Trust (IBIT), which represents the highest volume of exits since its launch. In the midst of this scenario, Eric Balchunas, ETF specialist at Bloomberg, reassures the market, highlighting that the outflows correspond to just 0.07% of the total under management by BlackRock, while other ETFs in the sector continue to see new inflows.
After recording record inflows throughout 2024, the group of Bitcoin ETFs started 2025 on the wrong foot. Funds linked to the price of Bitcoin saw outflows US$243.3 million, but what really caught our attention was BlackRock’s significant withdrawalaccording to data from Farside.
The iShares Bitcoin Trust (IBIT) has seen the largest capital outflow since its launch, with an impressive withdrawal of US$330.8 million on January 2, 2025. That was the third consecutive day of outflows from BlackRock ETFwhich had already recorded sales of US$36.5 million and US$23.5 million on December 30th and 31st, respectively. On the 1st, the ETF remained paralyzed due to the universal holiday.
In contrast, other Bitcoin ETFs, such as Fidelity, Ark and Bitwise recorded new inflows totaling US$36.2 million, US$48.3 million and US$16.5 million respectively. These inflows helped reduce the total volume of outflows to US$242.3 million, the lowest since December 23.
One step back
The news that one of the largest Bitcoin funds recorded a record exit value generated some concern in the market. However, Eric Balchunas, an ETF expert at Bloomberg, approached the situation with a more calm perspective, highlighting that the volume of outflows represents just 0.07% of the total Bitcoin under management by BlackRock, which holds 548,506,17220 BTC.
In his publication in X, Balchunas, ironically, referred to the departure as “the end”, mentioning that the trajectory of ETFs is behind their predictions. He compared the performance of ETFs, mentioning that, instead of two steps forward and one back, they are taking six steps forward and one backreflecting the exponential growth observed over the past year.
Bitcoin ETF has record exit and analyst says ‘it’s the end’
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Bitcoin ETF has record exit and analyst says ‘it’s the end’
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Bitcoin ETF has record exit and analyst says ‘it’s the end’
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Bitcoin ETF has record exit and analyst says ‘it’s the end’
