PakGazette – iShares Trust (IBIT) from BlackRock (NYSE 🙂 started 2025 with a huge outflow of $332.6 million, which is equivalent to about 3,413 BTC. This is the largest single-day outflow from the ETF since its start, higher than the previous low of $188.7 million, equivalent to 1,933 BTC, on December 24, 2024.
Even with the initial setbacks of the new year, IBIT performed strongly in 2024, generating a total of $37.2 billion in inflows. The BlackRock ETF (ETHA) also saw strong investor interest, raising $3.53 billion during the same time.
As of now, BlackRock has around 548,505 BTC worth $52.81 billion and around 1,071,415 ETH worth $3.68 billion.
Cryptocurrency market reacts negatively
It remains to be seen how this will affect the broader cryptocurrency market. But, as we can see right now, digital asset prices are experiencing pressure and a drop today. This may be due to the fact that Bitcoin experienced a bearish reaction from the $97,700 zone, which currently serves as a major resistance for the price of the leading cryptocurrency.
For Bitcoin there is a prospect that there is now an attempt to form a classic “head-shoulders” visual pattern, which will be activated when the neckline is broken: around $92,000.
If that happens, from here we can expect a deep correction to the $80,000-$70,000 area. This will mark a 30% decline from the relevant all-time high for BTC, which is a healthy correction needed to continue the upward trajectory.
