Key Points:

• Data reveals that BlackRock's IBIT, which manages over $53 billion in assets, witnessed a net outflow exceeding $332 million on Thursday.
• This figure surpasses the previous record of $188 million in late December.

The largest public fund for tracking Bitcoin (BTC) has reported its peak outflows nearly a year into its launch.

BlackRock's Nasdaq-listed IBIT, holding significant assets, reported this outflow on Thursday per data from SoSoValue. It has experienced a sequence of outflows since December 20, with amounts varying from $17 million to Thursday's substantial figure.

BlackRock Image

Such extensive outflows can indicate investor uncertainty regarding the ETF's strategy or the broader market conditions, although it might also reflect strategic portfolio adjustments rather than a fundamentally negative view of the ETF.

Conversely, other ETFs have seen inflows, with Bitwise's BITB attracting $48 million and Fidelity's FBTC gaining $36 million. The only ETF besides IBIT registering outflows was Grayscale’s GBTC, with a loss of $23 million.

At the time of this report, Bitcoin's price hovered just below $97,000, up by 1.5% within the last 24 hours.