Bitcoin ETFs face new year exodus, BlackRock loses 3,500 BTC amid price rally

Crypto market begins year with $310 million outflows from Bitcoin, Ethereum ETFs.

Jan 03, 2025

Happy Friday!

As 2025 kicks off, Bitcoin ETFs are experiencing a significant shake-up, with BlackRock's iShares Bitcoin Trust facing a staggering outflow of over $332 million—its largest since inception. This comes as the crypto market grapples with $310 million in total outflows from Bitcoin and Ethereum ETFs. Meanwhile, Bitcoin has reclaimed the $97,000 mark, although analysts believe this is just a temporary cooldown before a potential rally. In the realm of regulatory developments, optimism is rising for Solana ETFs, with Polymarket bettors now seeing an 85% chance of SEC approval by 2025. Additionally, a Morgan Stanley subsidiary is eyeing entry into crypto trading, pending Federal Reserve approval. Stay tuned for more insights on these pivotal developments!

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The global crypto market cap is $3.48 trillion, with a 24-hour volume of $115.48 billion. The price of Bitcoin is $97,559.99, and BTC market dominance is 55.6%. The price of Ethereum is $3,585.29, and ETH market dominance is 12.4%. The Crypto Fear & Greed Index is currently Greed (74).