BlackRock Bitcoin ETF Experiences Record-High Outflow Due to Profit-Taking.

BlackRock’s iShares Bitcoin Trust ( IBIT ) spot Bitcoin exchange-traded fund ( ETF ) just saw record-high outflows on Jan. 2.

According to Farside Investors statistics, the highest outflows for the Bitcoin ETF previously reported on January 2 were$ 333 million. According to Alex Obchakevich, founder of Obchakevich Research,” the main reason for the flow is profit-taking by investors in first 2025.”

” At the end of the time, investors and money usually examine their investment portfolios, which can lead to the purchase of some stock”, he explained.

U. S. based BTC place ETFs ultimately lost$ 248 million on Jan. 2. IBIT was the top loser, followed by the Grayscale Bitcoin Trust ( GBTC ) with its$ 23 million in withdrawals—the only other product to report a negative capital net flow.

Isaac Joshua—the CEO of key start program Gems—also told Decrypt monday that the new downturn” can generally be attributed to end-of-year tax-loss harvesting by investors”, he explained. In this time, “many have liquidated both Bitcoin ETFs and the main asset itself to maximize their revenue information,” he claims. This is a common occurrence in financial industry.

However, investors remain positive about BlackRock’s Bitcoin ETF. Recently, Ryan Lee, the research company of the crypto change Bitget, noted in a word that” BlackRock’s Bitcoin ETF is poised to promote Bitcoin’s adoption by improving accessibility for institutional investors, enhancing its validity, and facilitating major acceptance.”

Only 228 days after its launch, IBIT’s assets under management exceeded$ 50 billion, which is more than five times faster than any other ETF’s ever. ” By bridging traditional financing with bitcoin, the ETF is expected to maintain BTC’s business understanding and potentially lower cost volatility”, Joshua said.

As of press time, CoinMarketCap data indicates that Bitcoin is trading at just under$ 96, 700 after gaining 0.11 % over the last 24 hours and 0.35 % over the last seven days. The current price is nearly 10.7 % lower than the all-time high of nearly$ 108, 300 reported on Dec. 17.