Historical high? BlackRock BTC ETF outflow of $73 million

As a major participant in the Crypto asset market, BlackRock has undergone some changes after experiencing the largest capital outflow in months.

BlackRock recorded a capital outflow of $72.7 million on December 20, ending the consecutive inflow of its BTC ETF.

Data shows that the BlackRock BTC ETF (IBIT) has experienced its largest outflow since its launch in January this year.

Farside Investors said that the BTC ETF of global asset management companies saw a outflow of 72.7 million in December, setting a new record for IBIT.

Farside Investors added: "This happened the day after IBIT registered zero flows, which made investors anxious about the ETF. ”
IBIT suffered a similar predicament a day after fellow ETF issuer Fidelity Zhiyuan BTC Fund (FBTC) recorded an all-time high outflow of $208.5 million on December 19.
Analysts said that on December 20th, FBTC recorded a fund outflow of about 71.9 million USD, marking the ETF's consecutive two days of outflows.
IBIT and FBTC are among the best-performing ETFs in the United States.
One month after listing, these two ETF issuers ranked first and second in the top 25 ETFs by assets.
Market watchers said that the U.S. spot BTC ETF market saw record outflows for two consecutive days, with BlackRock and Fidelity hitting record highs.
The ETF market lost $671.9 million on Dec. 19 and outflowed another $277 million the next day, the data showed.
The massive outflow of funds experienced by the two largest ETF issuers in the United States has raised concerns among Crypto asset investors about the prospects of ETFs in the coming months.
However, analysts believe that the difficulties faced by BlackRock and Fidelity should not come as a surprise to traders, as the two international asset managers are largely responsible for the large inflows.
Some investors are worried that the recent developments in ETFs may be a turning point, leading to a significant decrease in institutional investors' interest in BTC exposure.
Market observers believe that capital outflows may not continue, and add that this alpha Crypto asset has rebounded and risen again after BTC earlier plunged to $92710.
The market trading volume of BTC has dropped to $59.5 billion, a decrease of 52% in total trading volume, which is contrary to the bullish trend of crypto assets after Trump won the US election last month.
During the bull market of Crypto assets, BTC reached a historical high of $108,000 per coin in November.
In the same month, the US spot BTC ETF also benefited from the bull market of crypto assets, and the net inflow hit a historic high of 6.2 billion US dollars.