Investing.com — BlackRock’s iShares Trust (NASDAQ🙂 experienced its largest daily outflow since launching a year ago, coinciding with the resumption of U.S. trading after the New Year’s Day holiday.
On January 2, BlackRock’s spot Bitcoin ETF recorded an outflow of $332.6 million, according to data from Farside Investors. This surpassed the previous high of $188.7 million set on December 24.
The fund has now seen outflows for three consecutive trading days, marking another record. Over the past week, IBIT’s total outflows have reached $392.6 million.
Despite the recent withdrawals, BlackRock’s Bitcoin ETF remains one of the top-performing funds in the U.S. in terms of inflows for 2024.
Data from Bloomberg, shared by senior ETF analyst Eric Balchunas, shows that IBIT ranked third with $37.2 billion in inflows. The Vanguard ETF (NYSE:) led the list with $116 billion, followed by the iShares Core S&P 500 ETF (NYSE:) at $89 billion.
While…
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