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

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.

Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?

Bitcoin (BTC-USD) investors closely watched a dramatic shift in the market on Thursday, as the world’s largest bitcoin-backed exchange-traded fund saw its biggest ever daily outflows, with more than $300M flowing out of the fund in a single day.

BlackRock's IBIT Bitcoin ETF saw a record $332 million net outflow on Thursday, the largest since its launch a year ago.

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

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 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 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.

BlackRock's Bitcoin ETF (IBIT) saw its largest single-day outflow of $333 million. The ETF experienced its longest losing streak with three consecutive days of net withdrawals. The outflows signal a possible breather after Bitcoin's record-breaking run in 2024.

Los inversionistas retiraron el jueves US$333 millones netos del ETF iShares Bitcoin Trust (IBIT) de BlackRock Inc., la mayor cantidad retirada del fondo que ha batido récords desde su lanzamiento.