On Thursday, the first trading day of the New Year, Bitcoin ETFs in the United States saw a surprising mix of inflows and outflows. Bitcoin’s price moved upward, nearing $97,000, but this price action didn’t align with the typical behavior of some ETFs. BlackRock’s IBIT fund, which usually adds Bitcoin, recorded unexpected outflows of $332.62 million.
Meanwhile, other funds showed positive activity. Fidelity’s FBTC fund brought in $36.20 million, Bitwise’s BITB fund attracted $48.31 million, and ARK Invest’s ARKB fund gained $16.54 million. Smaller inflows were recorded by Grayscale’s BTC fund at $6.89 million and VanEck’s HODL fund at $5.51 million.
Notably, Grayscale’s GBTC fund mirrored BlackRock’s unusual performance, with outflows of $23.13 million. The remaining Bitcoin ETFs did not see any inflows or outflows during the day.
This divergence in fund activity raises questions about what might have driven BlackRock’s significant outflows on a day when Bitcoin’s price gained momentum.
As we track Bitcoin ETF movements daily at HowToBuyBitcoin.org, these trends will be crucial to watch in the coming days to understand whether this was an anomaly or the start of a new pattern.