BlackRock's iShares Bitcoin Trust (IBIT) recorded its highest single-day outflow on January 2, with the 12 Bitcoin ETFs collectively seeing $242.3 million in outflows when trading resumed in the US.

according to Data From Soso Value, Black RockThe spot BTC ETF recorded $332.62 million in outflows on Thursday, the largest outflow day ever since its launch on January 11, 2024.

The outflows experienced by the BTC ETF extended the outflow streak to another record three days in a row, which saw $392.6 million withdrawn from the fund.

The recent outflows could be viewed as a temporary blip, as BlackRock's IBIT ranks third in inflows among all US ETFs in 2024, at $37.2 billion. This follows the Vanguard 500 Index Fund (VOO), at $116 billion, and the iShares Core S&P 500 ETF (IVV), at $89 billion, according to a Jan. 2 statement. mail By Bloomberg Analyst Eric Balchunas.

While BlackRock's IBIT fund saw significant outflows, Bitwise's BITB fund, FBTC's Fidelity, and ARKB's Ark 21Shares recorded inflows on January 2, attracting $48.31 million, $36.2 million, and $16.54 million, respectively.

Furthermore, Grayscale's Bitcoin Mini Trust and VanEck's HODL recorded modest inflows of $6.89 million and $5.51 million, respectively, although Grayscale's larger GBTC fund saw an outflow of $23.13 million.

The total daily trading volume of these investment products reached US$3.24 billion on January 2, significantly higher than the US$2.25 billion recorded on the previous trading day. At the time of writing, Bitcoin (Bitcoin) rose 2% over the past 24 hours, trading at $96,893 at writing.

Ether ETFs turn to outflows

The nine ETFs also recorded an outflow day on December 2 $77.51 million I got out of the boxes. The day's outflows came from Bitwise's ETHW fund and Grayscale's ETHE fund, which recorded outflows of $56.11 million and $21.4 million, respectively.

The remaining seven ETH funds remained flat on the day.

Ethereum (Ethereum) also rose by 1.7% over the past day of trading at $3,458 per coin.

On January 2, Nate Geraci, Head of ETF Shop, shared his message Predictions For cryptocurrency ETFs in 2025. Expect the introduction of BTC and ETH ETFs, the launch of options trading for ETH ETFs, and the implementation of in-kind creation and redemption mechanisms for both BTC and ETH ETFs.

Additionally, expect inclusion Staking features for instant Ethereum funds And approval of the Solana spot (Sol) etf. “Actually, all of this will happen,” Geraci stated confidently.