US EditionBlackRock’s Bitcoin ETF Ends 31-Day Inflow Streak with Biggest Outflow Ever
- BlackRock's iShares Bitcoin Trust ended a 31-day spot Bitcoin ETF inflow streak with a largest single-day outflow of $430.8 million on May 30, 2024.
- The outflow followed renewed selling pressure on Bitcoin amid price declines and broader negative flows from US-listed spot Bitcoin ETFs totaling $616.1 million that day.
- IBIT's outflow contrasts with its prior inflow streak since April 10, during which it attracted about $48 billion and reached nearly $70 billion in assets under management.
- Analysts noted the event signals a shift in investment patterns amid volatile crypto markets, with Nate Geraci calling it activity that coincides with a broader trend.
- The largest outflow marks a potential transition in Bitcoin ETF momentum and suggests investors are reassessing cryptocurrency stability amid evolving market cycles and economic uncertainties.
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14 Articles
BlackRock’s IBIT Inflow Streak Snaps as $430 Million Exits in One Day – MAXBIT
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow on May 30, with investors pulling $430.8 million from the fund. This marked the end of a 31-day inflow streak and the first net withdrawal in over seven weeks. BlackRock’s IBIT Still Dominates Bitcoin ETF Inflows Before this reversal, IBIT attracted $6.5 billion in May...
BlackRock’s IBIT Snaps 31-Day Winning Streak With Largest Outflow Ever Amid Tariff Angst
BlackRock’s iShares Bitcoin Trust (IBIT) has ended its spot Bitcoin exchange-traded fund (ETF) inflow streak with its largest single-day outflow day since the fund went live in January 2024. IBIT witnessed over $430 million in outflows on May 30, a reversal after 31 consecutive days of positive accumulation. Investors Pull $430.8 Million From BlackRock’s Bitcoin ETF Investors pulled $430.8 million from BlackRock’s spot Bitcoin ETF on Friday amid…
BlackRock’s Bitcoin ETF Ends 31-Day Inflow Streak With $430M Exit
BlackRock’s iShares Bitcoin Trust saw outflows of $430.8 million, ending a 31-day streak of inflows. Total net outflows across all 11 U.S. ETFs reached $616.1 million on May 30. Bitcoin dropped from $110000 to near $103000 but some analysts still expect upward momentum. BlackRock’s iShares Bitcoin Trust, the world’s biggest Bitcoin spot ETF, broke its strong momentum on May 30 with a steep $430.8 million in outflows. This marked the end of a 31-…
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