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BlackRock’s Bitcoin ETF Posts Record Outflow After Banner Year

(Bloomberg) -- Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned-Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe fund

European stocks dip at the end of holiday-shortened week

Swiss stocks rose 0.2% in their first trading session of 2025. U.S. stock markets recorded a strong showing in 2024, helped by optimism around artificial intelligence and the Federal Reserve's interest rate cuts. Traders are awaiting U.S. manufacturing activity data as well as speeches by the Fed and the European Central Bank officials later in the day.