BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever
The post BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever appeared on BitcoinEthereumNews.com.
The world’s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024. On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was on Feb. 26, with $418.1 million in outflows. BlackRock Bitcoin ETF massive outflow day ETF analyst Nate Geraci said in a May 31 X post, “What a run over the past 30+ days, though.” Geraci highlighted that BlackRock is “now pushing” approximately $70 billion in Bitcoin (BTC) holdings since it launched. “Not sure I have words to describe how ridiculous this is,” Geraci said. Overall, the 11 US spot Bitcoin ETFs recorded net outflows for the second consecutive day on May 30, totaling $616.1 million. Spot Bitcoin ETFs have accumulated $44.35 billion net inflows since the products launched in January 2024. Source: Farside The day before, on May 29, the cohort ended its 10-day net inflow streak with an outflow day of $346.8 million, although BlackRock still posted an inflow, drawing attention from several in the industry. Master Ventures founder Kyle Chasse said, “Every other issuer saw red. BlackRock kept buying…big brain energy right there.” Bitcoin ETF outflows not “retail panic” “The sell-off isn’t retail panic. It’s literally the quiet transfer of supply to the strongest hands,” Chasse added. Bitcoin is up 9.14% over the past month. Source: CoinMarketCap Meanwhile, Bitcoin’s spot price is $103,700, down 2.27% over the past 24 hours, according to CoinMarketCap data. Related: Blackstone buys $1M worth of Bitcoin ETF in first crypto bet On May 30, Derive founder Nick Forster pointed out to Cointelegraph that there has been a significant amount of spot…
Filed under: News - @ May 31, 2025 9:21 pm