Highlights:
- Bitcoin and Ethereum ETFs began the new year with net outflows.
- BlackRock Bitcoin ETF led the losses surge with its highest-ever cash outflows.
- Ethereum ETFs saw quietened market actions with only two active commodities.
Contrary to how they concluded 2024, Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs) have begun 2025 with net outflows. The negative trend would undoubtedly raise concerns about BTC and ETH price movement as the new year unfolds.
According to the renowned on-chain tracker SosoValue, Bitcoin ETF’s latest outing resulted in losses valued at about $242.3 million. Surprisingly, BlackRock Bitcoin ETF (IBIT) led yesterday’s outflows following a devastating $332.62 million loss. Another commodity that contributed to cash outflows was Grayscale Bitcoin ETF (GBTC). It shed $23.13 million.
On January 2, the total net outflow of Bitcoin spot ETF was $242 million, the net outflow of BlackRock IBIT was $332 million, the net inflow of Bitwise ETF BITB was $48.308million, and the net inflow of Fidelity ETF FBTC was $36.2027 million. https://t.co/59u0BnEqLG pic.twitter.com/R1YJlGZ1Ss
— Wu Blockchain (@WuBlockchain) January 3, 2025
BlackRock’s New Outflows Makes History as the Entity’s Highest Lost
It is worth noting that IBIT’s January 2 outflows have entered the history book as the entity’s highest ever single day loss, exceeding the previous $188 million recorded on December 24. Despite the concerning outflows, BlackRock remains the most profitable BTC ETF, with about 552,000 Bitcoin under its management.
While IBIT and FBTC succumbed to losses, five other entities recorded positive flows. Among the profitable ETFs, three registered gains above $10 million. They include Bitwise Bitcoin ETF (BITB), Fidelity Bitcoin ETF (FBTC), and ARK 21Shares Bitcoin ETF (ARKB). These entities attracted gains of about $48.31 million, $36.20 million, and $16.54 million.
Meanwhile, the remaining profitable ETFs were Grayscale Mini Bitcoin ETF (BTC) and VanEck Bitcoin ETF (HODL). They had gains of approximately $6.89 million and $5.51 million, respectively. Consequently, BTC ETFs’ cumulative net inflows dropped from $35.24 billion to $35 billion. On the other hand, the total value traded increased from $2.25 billion to $3.24 billion, while total net assets spiked to $109.43 billion from $105.40 billion.
Market Expert Remains Positive on BTC’s Price Surge in 2025
At the time of press, Bitcoin is changing hands at about $96,600, reflecting a 1.4% upswing in the past 24 hours. While the token has struggled to reclaim $100,000 in the past few days, a market expert remains confident about BTC’s appreciation potential this year.
In a tweet that has attracted considerable attention, Robert Kiyosaki, the author of the popular book, Rich Dad Poor Dad, shared his Bitcoin’s expectations for the new year. In the X post, the expert envisages BTC’s valuation to soar between $175,000 and $350,000 in 2025.
While several comments on X seemed to agree with the price projection, some pessimists countered the assertion. Some even reminded the expert of his 2024 prediction that never happened. For context, Kiyosaki projected that Bitcoin would attain the $300,000 price status in 2024.
MY PRICE PREDICTION
for BITCOIN 2025:$175,000 to $350,000
Happy New Year
— Robert Kiyosaki (@theRealKiyosaki) January 2, 2025
Ethereum ETFs Record Minimal Activities
Unlike Bitcoin ETFs that witnessed a heightened activeness level, Ethereum ETFs recorded activities from only two commodities. They are Grayscale Ethereum ETF (ETHE) and Bitwise Ethereum ETF (ETHW). Both entities had outflows valued at roughly $21.40 million and $56.11 million, respectively. Consequently, the December 2 outing resulted in $77.51 million loss for the ETH commodities.
Ethereum spot ETF had a total net outflow of $77.51 million on January 2, and Grayscale ETF ETHE had a single-day net outflow of $21.4027 million. The current total net asset value of Ethereum spot ETF is $12.438 billion. https://t.co/Tvs2oCSxTg pic.twitter.com/UsyaF9iaxb
— Wu Blockchain (@WuBlockchain) January 3, 2025
The fresh net outflows depleted Ethereum ETFs’ cumulative net inflows from $2.66 billion to $2.58 billion. Other relevant statistics revealed that the total value traded increased from $313.11 million to $397.23 million. Similarly, the total net assets surged from $12.12 billion to $12.44 billion.
Despite the ETFs outflows, Ethereum’s price has spiked slightly by about 0.5% in the short-term interval. It boasts approximately $3,430 in selling price, with a market capitalization of $413.36 billion.
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