Source: Blockchain Knight

BlackRock, a major player in the Crypto asset market, has undergone some changes after experiencing its largest capital outflow in months.

BlackRock recorded an outflow of $72.7 million on December 20, ending the continuous inflow of its BTC ETF.

Data shows that BlackRock BTC ETF (IBIT) has experienced its largest outflow since its launch in January this year.

Farside Investors said that the global asset management company’s BTC ETF had an outflow of 72.7 million in December, setting a record for IBIT.

Farside Investors added: "This comes a day after IBIT registered zero flows, leaving investors anxious about the ETF."

Just the day before IBIT encountered the same predicament, Fidelity Intelligence BTC Fund (FBTC), also an ETF issuer, also hit a record of US$208.5 million on December 19. Maximum outflow.

Analysts said that FBTC once again recorded an outflow of approximately US$71.9 million on December 20, causing the ETF to experience outflows for two consecutive days.

IBIT and FBTC are among the best-performing ETFs in the United States.

One month after listing, these two ETF issuers ranked first and second respectively among the top 25 ETFs by assets.

Market observers said that the U.S. spot BTC ETF market has seen record outflows for two consecutive days, and the record high outflows from BlackRock and Fidelity have contributed to the situation.

Data show that the ETF market lost $671.9 million on December 19, and another $277 million was lost the next day.

The massive outflows experienced by the two largest ETF issuers in the United States have triggered concerns among crypto asset investors about the future of ETFs in the coming months.

However, analysts believe that the difficulties faced by BlackRock and Fidelity should not surprise traders because the two international asset managers are largely responsible for the large inflows.

Some investors worry that recent developments in ETFs could be a tipping point, leading to a significant decline in institutional investor interest in BTC exposure.

Market observers believe that the outflow may not persist, adding that after BTC’s earlier plunge to $92,710, this alpha Crypto asset has rebounded and is rising again.

Trading analysts said that BTC’s market trading volume fell to $59.5 billion, with total trading volume falling by 52%, which goes against the bull trend of Crypto assets after Trump won the US election last month.

During the Crypto asset bull run, BTC reached an all-time high of $108,000 per coin in November.

In the same month, the U.S. spot BTC ETF also benefited from the bull market in Crypto assets, with net inflows hitting a record high of $6.2 billion.