BlackRock’s streak of consecutive inflows into its spot Bitcoin ETF came to an end with its most significant outflow to date—surpassing its previous highest single-day outflow by nearly $12.7 million.
BlackRock, the globe’s leading asset management firm, has concluded its 31-day streak of inflows into its spot Bitcoin ETF with the largest single-day outflow recorded since the fund’s debut in January 2024.
According to data from Farside, BlackRock’s iShares Bitcoin Trust (IBIT) saw its substantial inflow run come to a halt on May 30, recording a daily outflow of $430.8 million—the highest since launch. The previous record for a single-day outflow was set on February 26, totaling $418.1 million.
BlackRock’s Bitcoin ETF Sees Record-Breaking Outflow Day
In a May 31 post on X, ETF analyst Nate Geraci remarked, “What an incredible streak over the past 30+ days.” He pointed out that BlackRock is “now managing” close to $70 billion in Bitcoin (BTC) assets since launching the fund. “I’m not sure there are words to capture how astonishing this is,” Geraci added.
On May 30, the 11 U.S.-based spot Bitcoin ETFs collectively experienced net outflows for the second day in a row, amounting to a total of $616.1 million.
On May 29, the group of ETFs concluded a 10-day streak of net inflows with a collective outflow of $346.8 million. Despite this, BlackRock still reported a net inflow, a detail that drew considerable attention within the industry.
Kyle Chasse, founder of Master Ventures, commented, “All the other issuers were in the red, but BlackRock continued accumulating… that’s some serious strategic thinking.”
Bitcoin ETF Outflows Reflect Strategic Shifts, Not Retail Panic
Chasse further noted, “This sell-off isn’t driven by retail panic. It’s essentially a calm redistribution of supply into the hands of the most resilient investors.”
At the same time, Bitcoin is trading at $103,700, reflecting a 2.27% decline in the last 24 hours, based on data from CoinMarketCap.
On May 30, Derive founder Nick Forster told that, despite substantial inflows into spot Bitcoin ETFs in recent weeks, the price of Bitcoin has not shown a corresponding increase.
“For all the considerable inflows into Bitcoin ETFs—particularly the $6.2 billion funneled into BlackRock’s iShares Bitcoin Trust during May—Bitcoin’s price hasn’t seen a matching increase,” Forster stated.
During the trading week that concluded on May 23, spot Bitcoin ETFs saw inflows totaling $2.75 billion.
