BlackRock’s IBIT ETF Sees Record Outflow: What Does It Mean for Bitcoin?

%3Cp%3EThe%20world%E2%80%99s%20largest%20asset%20manager%2C%20BlackRock%2C%20has%20ended%20its%2031-day%20spot%20Bitcoin%20exchange-traded%20fund%20(ETF)%20inflow%20streak%20with%20its%20biggest%20recorded%20outflow%20day%20since%20the%20product%20launched%20in%20January%202024.%3C%2Fp%3E%3Cp%3EOn%20May%2030%2C%20BlackRock%E2%80%99s%20iShares%20Bitcoin%20Trust%20(IBIT)%20ended%20its%20significant%20inflow%20streak%20with%20its%20largest%20daily%20outflow%20of%20%24430.8%20million%2C%20according%20to%20Farside%20data.%20Before%20this%2C%20IBIT%E2%80%99s%20largest%20outflow%20day%20was%20on%20Feb.%2026%2C%20with%20%24418.1%20million%20in%20outflows.%3C%2Fp%3E%3Ch2%3EBlackRock%20Bitcoin%20ETF%20massive%20outflow%20day%3C%2Fh2%3E%3Cp%3EETF%20analyst%20Nate%20Geraci%20said%20in%20a%20May%2031%20X%20post%2C%20%E2%80%9CWhat%20a%20run%20over%20the%20past%2030%2B%20days%2C%20though.%E2%80%9D%20Geraci%20highlighted%20that%0A%20BlackRock%20is%20%E2%80%9Cnow%20pushing%E2%80%9D%20approximately%20%2470%20billion%20in%20Bitcoin%20(BTC)%20holdings%20since%20it%20launched.%20%E2%80%9CNot%20sure%20I%20have%20words%20to%20describe%20how%20ridiculous%20this%20is%2C%E2%80%9D%20Geraci%20said.%3C%2Fp%3E%3Cp%3EOverall%2C%20the%2011%20US%20spot%20Bitcoin%20ETFs%20recorded%20net%20outflows%20for%20the%20second%20consecutive%20day%20on%20May%2030%2C%20totaling%20%24616.1%20million.%20%3C%2Fp%3E%3Cfigure%3E%3Cimg%20alt%3D%22Spot%20Bitcoin%20ETFs%20have%20accumulated%20%2444.35%20billion%20net%20inflows%20since%20the%20products%20launched%20in%20January%202024.%20Source%3A%20Farside%22%20src%3D%22https%3A%2F%2Fipowercrypto.com%2Fwp-content%2Fuploads%2F2025%2F06%2F01972509-9bec-71c5-b26f-dbcfe178c939-2.png%22%20title%3D%22%22%3E%3C%2Ffigure%3E%3Cp%3EThe%20day%20before%2C%20on%20May%2029%2C%20the%20cohort%20ended%20its%2010-day%20net%20inflow%20streak%20with%20an%20outflow%20day%20of%20%24346.8%20million%2C%20although%20BlackRock%20still%20posted%20an%20inflow%2C%20drawing%20attention%20from%20several%20in%20the%20industry.%3C%2Fp%3E%3Cp%3EMaster%20Ventures%20founder%20Kyle%20Chasse%20said%2C%20%E2%80%9CEvery%20other%20issuer%20saw%20red.%20BlackRock%20kept%20buying%E2%80%A6big%20brain%20energy%20right%20there.%E2%80%9D%C2%A0%3C%2Fp%3E%3Ch2%3EBitcoin%20ETF%20outflows%20not%20%E2%80%9Cretail%20panic%E2%80%9D%3C%2Fh2%3E%3Cp%3E%E2%80%9CThe%20sell-off%20isn%E2%80%99t%20retail%20panic.%20It%E2%80%99s%20literally%20the%20quiet%20transfer%20of%20supply%20to%20the%20strongest%20hands%2C%E2%80%9D%20Chasse%20added.%3C%2Fp%3E%3Cfigure%3E%3Cimg%20alt%3D%22Bitcoin%20is%20up%209.14%25%20over%20the%20past%20month.%20Source%3A%20CoinMarketCap%22%20src%3D%22https%3A%2F%2Fipowercrypto.com%2Fwp-content%2Fuploads%2F2025%2F06%2F01972507-f3e3-713f-b701-6efe625bae1d-1.png%22%20title%3D%22%22%3E%3C%2Ffigure%3E%3Cp%3EMeanwhile%2C%20Bitcoin%E2%80%99s%20spot%20price%20is%20%24103%2C700%2C%20down%202.27%25%20over%20the%20past%2024%20hours%2C%20according%20to%20CoinMarketCap%20data.%3C%2Fp%3E%3Cp%3EOn%20May%2030%2C%20Derive%20founder%20Nick%20Forster%20pointed%20out%20to%20Cointelegraph%20that%20there%20has%20been%20a%20significant%20amount%20of%20spot%20Bitcoin%20ETF%20inflows%20in%20recent%20times%2C%20yet%20it%20hasn%E2%80%99t%20been%20reflected%20in%20the%20spot%20price.%C2%A0%3C%2Fp%3E%3Cp%3E%E2%80%8B%E2%80%8B%E2%80%9CDespite%20significant%20inflows%20into%20Bitcoin%20ETFs%2C%20notably%20over%20%246.2%20billion%20into%20BlackRock%E2%80%99s%20iShares%20Bitcoin%20Trust%20in%20May%2C%20Bitcoin%E2%80%99s%20price%20hasn%E2%80%99t%20experienced%20a%20commensurate%20rise%2C%E2%80%9D%20Forster%20said.%3C%2Fp%3E%3Cp%3EIn%20the%20trading%20week%20ending%20May%2023%20alone%2C%20spot%20Bitcoin%20ETFs%20recorded%20a%20total%20of%20%242.75%20billion%20in%20inflows.%3C%2Fp%3E