BlackRock’s Bitcoin ETF Sees Largest Daily Withdrawal, Ending Month-Long Inflow Streak

After more than four weeks of uninterrupted investor enthusiasm, BlackRock’s iShares Bitcoin Trust has reported its steepest daily outflow since its inception, signaling a potential shift in sentiment.

Data from Farside reveals that on May 30, investors pulled $430.8 million from the fund, breaking a 31-day streak of consistent inflows. This marks the highest single-day outflow for IBIT since its January 2024 launch, slightly surpassing the previous record set in late February.

Despite the setback, the fund has already amassed a staggering $70 billion in Bitcoin holdings, underscoring the rapid institutional adoption since spot Bitcoin ETFs went live in the U.S.

The broader Bitcoin ETF market mirrored the decline, with a total of $616 million in net outflows across all issuers on the same day. This followed a $346 million pullback the previous day, marking the first two-day retreat in recent weeks.

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Market observers have dismissed fears of a retail selloff. Some industry voices suggest the movements reflect capital rotation rather than panic, with long-term investors using the moment to reallocate assets.

Meanwhile, Bitcoin’s price hovered around $103,700 after a slight daily dip, despite more than $6 billion flowing into IBIT during May alone. Analysts note that even as inflows surged, price action remained subdued—prompting questions about where the next wave of volatility may come from.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.