Investors just ripped $333 million out of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in a single day. It’s the largest withdrawal the fund has seen since its blockbuster launch earlier this year.

Traders pulled $333 million from BlackRock's spot bitcoin ETF on Thursday, marking the fund's longest losing streak as the crypto rally pauses.

BlackRock Inc.’s iShares unit offers more than 1,400 exchange-traded funds around the world, yet none of them have performed quite like this.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024.

New data reveals that asset management titan BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) saw a record number of outflows earlier this week.

BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue. These exceed a short-held previous record of $188 million in late December.

BlackRock’s Nasdaq-listed IBIT reported its highest-ever outflows on Thursday, with $332 million leaving the largest public fund tracking bitcoin.

BlackRock Inc's Bitcoin ETF product is now the most successful ETF launch of all time having amassed $50 billion in AuM in less than a year.

IBIT also secured third place on Bloomberg’s 2024 top 20 ETF leaderboard after it netted $37 billion in year-to-date flows, only behind Vanguard S&P 500 ETF (VOO) and iShares CORE S&P 500 ETF (IVV).

BlackRock's Bitcoin ETF sees record-high outflows of $332 million, impacting US spot Bitcoin ETF market dynamics negatively.

BlackRock's iShares Bitcoin ETF saw its biggest 1-day outflow yesterday as shareholders took profits to the tune of $333 million.

Key Takeaways BlackRock's iShares Bitcoin Trust experienced a new record of $332.6 million for single-day outflows on Thursday.That brought IBIT outflows to nearly $393 million for the week.Other bitcoin ETFs saw minor inflows,