BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest one-day outflow on January 2, 2025, totaling $333 million as investors took profits. This withdrawal marks the highest recorded outflow for the ETF, which is part of a larger trend where U.S.-based Bitcoin spot ETFs lost $248 million that day, with IBIT leading the losses. Experts attribute this phenomenon to typical end-of-year portfolio adjustments and tax-loss harvesting, where investors liquidate assets for tax optimization. Notably, despite these outflows, experts remain optimistic about IBIT, asserting it simplifies institutional access to Bitcoin and enhances its legitimacy. With Bitcoin trading near $96,700, approximately 10.7% below its all-time high reached shortly before, the ETF is recognized for potentially stabilizing Bitcoin’s market perception and reducing price volatility. IBIT has made impressive strides, surpassing previous ETFs in adoption speed, enabling broader access to cryptocurrency investments.

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