Historic Numbers:
- Largest IBIT outflow ever: $430.8M in single day
- 31-day consecutive inflow streak broken
- Total Bitcoin ETF outflows: $616.1M for the day
- Previous IBIT outflow record: $418.1M (February 26)
🔻 End of Epic Run
The world’s largest asset manager BlackRock has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024.
On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was February 26, with $418.1 million in outflows.
📊 Massive Scale Achievement
ETF analyst Nate Geraci noted in a May 31 X post: “What a run over the past 30+ days, though.” Geraci highlighted that BlackRock is “now pushing” approximately $70 billion in Bitcoin holdings since launch.
“Not sure I have words to describe how ridiculous this is” — Geraci said.
📉 Broader Market Picture
Overall, the 11 US spot Bitcoin ETFs recorded net outflows for the second consecutive day on May 30, totaling $616.1 million.
Full Period Context:
- Spot Bitcoin ETFs have accumulated $44.35 billion net inflows since January 2024 launch
- In the trading week ending May 23 alone, inflows totaled $2.75 billion
💡 Not “Retail Panic”
Master Ventures founder Kyle Chasse commented on the outflows:
“The sell-off isn’t retail panic. It’s literally the quiet transfer of supply to the strongest hands”
The day before (May 29), the cohort ended its 10-day net inflow streak with $346.8 million outflows, although BlackRock still posted an inflow.
📈 Price-Inflow Paradox
Derive founder Nick Forster pointed out to Cointelegraph that despite significant Bitcoin ETF inflows recently, it hasn’t been reflected in spot price:
“Despite significant inflows into Bitcoin ETFs, notably over $6.2 billion into BlackRock’s iShares Bitcoin Trust in May, Bitcoin’s price hasn’t experienced a commensurate rise”
Current Bitcoin Price: $103,700 (-2.27% in 24 hours)
Bottom Line: While BlackRock’s record outflow day marks the end of an impressive 31-day streak, the ETF still holds nearly $70B in Bitcoin, demonstrating the massive institutional adoption of crypto assets.