BlackRock’s Bitcoin ETF Posts Record Outflow After Banner Year
- The IBIT fund grew into a $53 billion behemoth in 2024
- It saw its highest daily net outflow of $333 million Thursday
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Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.
The fund also suffered a third consecutive day of outflows, its longest losing streak, according to data compiled by Bloomberg.