On May 30, 2025, BlackRock’s iShares Bitcoin Trust (IBIT) witnessed a record – high daily outflow of $430.8 million. This figure set a new high since the fund’s launch in January 2024, breaking its 34 – day consecutive – inflow streak.
The significant outflow from IBIT comes amidst a broader pullback in the US spot Bitcoin ETF market. On May 30, a total of 11 listed products in the US had a combined net outflow of $616.1 million, following a $346.8 million outflow on May 29, indicating a continuous exodus of funds. Despite the fact that BlackRock’s Bitcoin ETF had attracted over $6.2 billion in inflows in May alone, the price of Bitcoin remained relatively stable, trading at around $103,700 at the time of reporting, with a 2.27% drop in the past 24 hours. This suggests that broader market dynamics and liquidity concerns may be suppressing price movements.
Industry insider Kyle Chasse emphasized that the recent sell – off is not due to retail panic, but rather a strategic re – allocation by long – term holders. However, the large – scale outflow of funds still reflects the complexity and variability of the current market environment, and investors are closely watching subsequent market trends and regulatory dynamics.
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