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Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?

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).

Bitcoin (CRYPTO: BTC) is up 2% on Friday, rallying after record net outflows from U.S. spot ETFs the day prior. What Happened: The world’s largest cryptocurrency has reclaimed the $98,000 level. At last check Friday,

BlackRock's iShares Bitcoin ETF saw its biggest 1-day outflow yesterday as shareholders took profits to the tune of $333 million.

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

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

After a year of record-breaking success, BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) experienced a significant shift as investors withdrew a net $333 million on Thursday. This marks the largest single-day outflow from the fund since its launch and the third consecutive day of net withdrawals—the longest losing streak for this high-profile

BlackRock’s Bitcoin ETF is reshaping crypto investment. The ETF has rapidly surpassed BlackRock’s Gold ETF in assets, with $51.7 billion under management. Analysts predict Bitcoin