BlackRock's iShares Bitcoin Trust (IBIT) just saw record outflows on January 2nd.

Farside investor data shows On January 2, IBIT saw outflows of $333 million - the highest ever reported for... Bitcoin European Training Foundation. said Obchakevich Research founder Alex Obchakevich Decryption “The main reason for the flight is profit-taking by investors in early 2025.”

He explained, "At the end of the year, investors and funds often review their investment portfolios, which may lead to the sale of some stocks."

US-based spot Bitcoin ETFs lost a total of $248 million on January 2. IBIT was the biggest loser, followed by Grayscale Bitcoin Trust (GBTC) with a withdrawal of $23 million - the only other product to report negative net capital outflow.

Isaac Joshua – CEO of token launch platform Gems – too He said Decryption yesterday He explained that the recent downturn "can be largely attributed to year-end tax loss harvesting by investors." According to him, “many of them liquidated Bitcoin ETFs and the underlying assets themselves to improve their tax reporting, a common phenomenon in financial markets during this period.”

However, investors remain bullish on BlackRock's Bitcoin ETF. “BlackRock's Bitcoin ETF is poised to accelerate Bitcoin adoption by simplifying access for institutional investors, enhancing its legitimacy and facilitating mainstream acceptance,” Ryan Lee — a senior analyst at cryptocurrency exchange Bitgate's research firm — recently highlighted in a note.

I will be passed over $50 billion in assets under management Just 228 days after launch, five times faster than any other ETF in history. “By bridging traditional finance with cryptocurrencies, the ETF is expected to stabilize the perception of the Bitcoin market and potentially reduce price volatility,” Joshua said.

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

Modified by Stacey Elliott.