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

Investors just ripped $333 million out of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in a single day. It’s the largest withdrawal the fund has seen since its blockbuster launch earlier this year.

New data reveals that asset management titan BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) saw a record number of outflows earlier this week.

BlackRock Bitcoin ETF (IBIT) experienced its highest single-day outflow of $330 million while recording three consecutive days of outflows.

IBIT also secured third place on Bloomberg’s 2024 top 20 ETF leaderboard after it netted $37 billion in year-to-date flows, only behind Vanguard S&P 500 ETF (VOO) and iShares CORE S&P 500 ETF (IVV).

BlackRock’s Nasdaq-listed IBIT reported its highest-ever outflows on Thursday, with $332 million leaving the largest public fund tracking bitcoin.

BlackRock’s iShares Bitcoin Trust (IBIT) experienced a historic outflow of $332.6 million on January 2, marking the largest withdrawal.

BlackRock Inc's Bitcoin ETF product is now the most successful ETF launch of all time having amassed $50 billion in AuM in less than a year.

BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue. These exceed a short-held previous record of $188 million in late December.

BlackRock's Bitcoin ETF (IBIT) saw its largest single-day outflow of $333 million. The ETF experienced its longest losing streak with three consecutive days of net withdrawals. The outflows signal a possible breather after Bitcoin's record-breaking run in 2024.

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,