US Bitcoin ETF See $616M Outflows; BlackRock Leads the Exit with $430.8M
The post US Bitcoin ETF See $616M Outflows; BlackRock Leads the Exit with $430.8M appeared on BitcoinEthereumNews.com. US Spot Bitcoin ETF (exchange-traded funds) saw a massive net outflow on May 30, 2025. According to Farside Investors’ data, the 11 approved spot Bitcoin ETFs together shed $616.1 million. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the lion’s share of the outflow, with investors redeeming $430.8 million on that day. That single-day withdrawal not only ended IBIT’s 31-day inflow streak but also set a new record: it exceeded the fund’s prior largest outflow (about $418.1M on Feb 26) by $12.7 million. The pullback on May 30 capped two days of heavy outflows. On May 29, the ETF complex saw $346.8 million leaving, ending a 10-day inflow run. That outflow was the largest since $396 million fled the funds on March 11, 2025. By contrast, only a week earlier (the week ending May 23), the funds had attracted about $2.75 billion in net inflows – roughly 4.5 times the prior week’s $608 million. Inflows in mid-May helped send Bitcoin’s price to fresh highs, but the late-month redemptions reversed some of that momentum. US Bitcoin ETF: BlackRock IBIT Bears the Brunt As the largest Bitcoin ETF, BlackRock’s IBIT saw the steepest decline. The $430.8M redemption on May 30 was the ETF’s biggest daily outflow since its January 2024 launch. By comparison, the fund had amassed nearly $4 billion in net inflows over the two prior weeks. Those inflows had driven IBIT’s total assets under management to about $70 billion in Bitcoin holdings. In fact, ETF analyst Nate Geraci noted the fund’s rapid accumulation: “What a run over the past 30+ days…now pushing approximately $70 billion in Bitcoin holdings since it launched,” he wrote, calling the trend “ridiculous.” Source: X IBIT’s extraordinary scale meant the outflow was correspondingly large. The $430.8 million withdrawal on May 30 topped its previous record by roughly $12.7…
The post US Bitcoin ETF See $616M Outflows; BlackRock Leads the Exit with $430.8M appeared on BitcoinEthereumNews.com.
US Spot Bitcoin ETF (exchange-traded funds) saw a massive net outflow on May 30, 2025. According to Farside Investors’ data, the 11 approved spot Bitcoin ETFs together shed $616.1 million. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the lion’s share of the outflow, with investors redeeming $430.8 million on that day. That single-day withdrawal not only ended IBIT’s 31-day inflow streak but also set a new record: it exceeded the fund’s prior largest outflow (about $418.1M on Feb 26) by $12.7 million. The pullback on May 30 capped two days of heavy outflows. On May 29, the ETF complex saw $346.8 million leaving, ending a 10-day inflow run. That outflow was the largest since $396 million fled the funds on March 11, 2025. By contrast, only a week earlier (the week ending May 23), the funds had attracted about $2.75 billion in net inflows – roughly 4.5 times the prior week’s $608 million. Inflows in mid-May helped send Bitcoin’s price to fresh highs, but the late-month redemptions reversed some of that momentum. US Bitcoin ETF: BlackRock IBIT Bears the Brunt As the largest Bitcoin ETF, BlackRock’s IBIT saw the steepest decline. The $430.8M redemption on May 30 was the ETF’s biggest daily outflow since its January 2024 launch. By comparison, the fund had amassed nearly $4 billion in net inflows over the two prior weeks. Those inflows had driven IBIT’s total assets under management to about $70 billion in Bitcoin holdings. In fact, ETF analyst Nate Geraci noted the fund’s rapid accumulation: “What a run over the past 30+ days…now pushing approximately $70 billion in Bitcoin holdings since it launched,” he wrote, calling the trend “ridiculous.” Source: X IBIT’s extraordinary scale meant the outflow was correspondingly large. The $430.8 million withdrawal on May 30 topped its previous record by roughly $12.7…
What's Your Reaction?
