Traders pulled $333 million from BlackRock's spot bitcoin ETF on Thursday, marking the fund's longest losing streak as the crypto rally pauses.

Los inversionistas retiraron el jueves US$333 millones netos del ETF iShares Bitcoin Trust (IBIT) de BlackRock Inc., la mayor cantidad retirada del fondo que ha batido récords desde su lanzamiento.

BlackRock's IBIT Bitcoin ETF saw a record $332 million net outflow on Thursday, the largest since its launch a year ago.

Key Takeaways BlackRock's iShares Bitcoin Trust experienced a new record of $332.6 million for single-day outflows on Thursday.That brought IBIT outflows to nearly $393 million for the week.Other bitcoin ETFs saw minor inflows,

BlackRock Inc.’s iShares unit offers more than 1,400 exchange-traded funds around the world, yet none of them have performed quite like this.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024.

ETF has performed well since its inception in 2024, a trend that may continue due to the ongoing supply and demand dynamics in the crypto industry. It has added over $54 billion in assets and is one of the market’s most highly traded Bitcoin ETFs,