BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest single-day net outflow on Thursday, with investors withdrawing a staggering $332.6 million, according to data from Farside Investors.

IBIT is the largest of all the bitcoin ETFs, with around $54 billion in net assets. This record-breaking outflow follows a 澳洲幸运5官方开奖结果体彩网:robust performance in 2024, when IBIT amassed over $37 billion in inflows and helped propel bitcoin to an 澳洲幸运5官方开奖结果体彩网:all-time high above $108,000꧃ in December.

Thursday mark൲ed the third consecutive day of outflows for IBIT, bringing the week’s total to nearly $393 million.

Bloomberg ETF analyst Eric Balchunas doesn't necessarily see this activity as a bearish indicator. "It's gonna be two steps [forward] and one step back and lately it's been like 6 steps [forward] so long overdue IMO," Balchunas posted on X.

Other bitcoin ETFs saw minor inflows on the first day of trading in 2025; however, these flows were nowhere near what would be necessary to make up for IBIT's outflows.

For example, IBIT competitors such as Bitwise’s BITB and Fidelity’s FBTC reported inflows of $48 million and $36 million, respectively. Ethereum ETFs also performed poorly in aggregate, recording combined outflows of $77.5 million, according to Farside Investors.

Bitcoin currently sits around $98,000. Some analysts see the crypto asset rising to 澳洲🐻幸运5官方开奖结果体彩网:new all-time highs of $180,0🤪00 or higher in 2025, with potential nation state 🀅adoption considered a key indicator to watch for this year.𒆙