What Sets BlackRock’s Bitcoin Trust Apart Amid Market Outflows?

January 14, 2025 10:15 PM AEDT | By Team Kalkine Media

Google News:

What Sets BlackRock’s Bitcoin Trust Apart Amid Market Outflows? — Image source: Shutterstock

Recent News

Archer Joins Transportation Secretary and Acting FAA Administrator To...

Trump claims ’we’ have control over Iranian airspace, calls for surren...

Klas receives NIAP Common Criteria (CC) Certification for the VoyagerV...

Northwestern Mutual To Fund Over 60 Teacher Summer Programs as Part of...

Highlights

BlackRock's iShares Bitcoin Trust reported inflows despite sector-wide outflows.

Total outflows in Bitcoin-focused ETFs reached a significant level over three days.

Bitcoin's price experienced a notable decline followed by partial recovery.

The Bitcoin ETF sector recently faced notable outflows, marking a consecutive trend over three trading days. This activity highlights a shifting landscape within exchange-traded funds focused on Bitcoin, with varying performances across major players.

BlackRock’s iShares Bitcoin Trust Stands Out

BlackRock's iShares Bitcoin Trust distinguished itself by recording inflows during a challenging market period. This performance contrasts with other Bitcoin ETFs, which experienced significant outflows over the same timeframe.

Outflows Across Prominent ETFs

Among the major funds, Fidelity's Bitcoin ETF recorded the highest outflows, followed by substantial exits from ARK’s Bitcoin ETF and Grayscale's GBTC. Other funds in the sector saw minimal to no activity during this period.

Broader Trends in Bitcoin ETFs

Cumulative outflows in the sector exceeded a substantial threshold, reflecting significant fund movement. These developments align with recent shifts in Bitcoin prices, which fell to a short-term low before recovering partially.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.