BlackRock BTCSpot ETF saw a net outflow of $330 million in a single day, setting a record for the highest blood loss ever.

BlackRock's BTCSpot ETF, iShares Bitcoin Trust (IBIT), underperformed on Thursday, recording the highest net outflow of $330 million since its listing, causing a stir in the market.

IBIT this wave of capital withdrawal is even more significant than the $188.7 million net outflow record set last Christmas. According to SoSoValue's data, IBIT's trading volume on Thursday reached $2.26 billion.

Neal Wen, Global Business Director of Kronos Research, analyzed:

Institutional investors often achieve asset allocation goals by adjusting their investment portfolios. The significant outflow of IBIT this time may reflect such operations, especially when the price of BTC is volatile or when there are changes in the market environment, this situation will occur more frequently.

BTC price fell, IBIT fund inflow slowed down

IBIT has shown a slight weakness in recent performance. Compared to the frenzy of funds when BTC surged to a historical high of $108,135 in early December, the influx of funds has slowed down recently.

However, IBIT still holds the title of the world's largest BTCSpot ETF, with a cumulative inflow of $36.9 billion since its listing, and total assets under management reaching $53.5 billion.

Other BTC ETFs have different performances, and the phenomenon of capital diversion has emerged

While IBIT is facing a wave of withdrawals, other BTC ETFs are showing steady inflows. For example, Bitwise's BITB saw a net inflow of $48.3 million in a single day; Fidelity's FBTC recorded a net inflow of $36.2 million; Ark Invest, in collaboration with 21Shares, introduced ARKB; VanEck's HODL, as well as Grayscale's Grayscale Mini Bitcoin Trust, also attracted varying degrees of capital inflow.

The only weak performer, besides IBIT, includes Grayscale's flagship fund GBTC, with a net outflow of $23.1 million on the day. Overall, the net outflow of the entire American BTCSpot ETF on Thursday was approximately $242.3 million, with a daily trading volume of up to $3.24 billion, highlighting strong market trading demand.

As of the time of writing, BTC was reported at $96,136, a slight increase of 0.4% in the past 24 hours, indicating that the market's confidence in BTC has not been completely shaken.

Ether Spot ETF also faced capital withdrawal

Meanwhile, Ethereum Spot ETF also faced capital outflows on Thursday, with a net outflow of 77 million US dollars, including 56.1 million US dollars outflow from Bitwise's ETHW and 21.4 million US dollars outflow from Grayscale's ETHE.

However, the total trading volume of Ether Spot ETF on the same day increased from $313.1 million on December 31 to $397.2 million, and the cumulative net inflow remained at $2.58 billion, indicating a solid demand for long-term investment.

BlackRock's BTCSpot ETF saw a record single-day net outflow of $330 million, the highest in history. This article was first published in "Blockchaintech".