Bitcoin and Ethereum funds have experienced significant outflows recently, with BlackRock's Bitcoin fund, iShares Bitcoin Trust ETF (IBIT), drawing attention on January 2nd with a record $332.6 million exit. This marked the largest single-day outflow since the fund's inception, surpassing the previous record of $188.7 million on Christmas Eve.
According to the latest data, the IBIT fund recorded a trading volume of $2.26 billion on Thursday. Neal Wen from Kronos Research noted that such large outflows often reflect portfolio rebalancing by investors or responses to market volatility. Despite these outflows, IBIT remains the largest spot Bitcoin ETF with a total of $36.9 billion in net inflows and $53.5 billion in net asset value.
Ethereum funds have also shown a similar negative trend. On Thursday, Ethereum ETFs saw a total net outflow of $77.5 million. The largest outflow was reported in Bitwise’s ETHW fund at $56.1 million, followed by Grayscale’s ETHE fund with $21.4 million in outflows. Ethereum fund trading volumes reached $397.2 million, indicating that market uncertainties persist across the crypto landscape.
