Emre Yumlu 
The world’s largest asset manager, BlackRock, has ended its 31-day uninterrupted inflow streak in its spot Bitcoin ETF with the largest outflow recorded to date. On May 30, the company’s iShares Bitcoin Trust (IBIT) experienced a record $430.8 million outflow. This figure exceeds the previous record of $418.1 million set on February 26 by approximately $12.7 million.
Impressive 30-Day Run in BlackRock Bitcoin ETFs
ETF analyst Nate Geraci drew attention to this development in a social media post dated May 31, stating, “What an impressive 30+ day run.” Geraci noted that BlackRock has reached nearly $70 billion in size with its Bitcoin ETF. “Hard to find the right words to describe this,” he added.
In total, 11 different spot Bitcoin ETF products in the U.S. recorded net outflows for the second consecutive day on May 30, with total outflows reaching $616.1 million. On May 29, a 10-day inflow streak had ended, and investors pulled out $346.8 million. However, BlackRock still managed to remain positive on that day.
Kyle Chasse, founder of the investment firm Master Ventures, commented on the situation by saying, “Every other issuer saw losses, BlackRock kept buying… that’s big brain energy.”
ETF Outflows Not a Panic Sale
Chasse also argued that the wave of selling is not due to retail investor panic, stating, “This is a quiet transfer of supply to the strongest hands.” Meanwhile, Bitcoin’s spot price dropped 2.27% over the past 24 hours, falling to $103,700.
Nick Forster, founder of Derive, emphasized that despite the high demand for Bitcoin ETFs, the spot price hasn’t reflected this interest. “Although over $6.2 billion flowed into BlackRock’s ETF in May alone, the price hasn’t increased accordingly,” he said.
In the trading week ending May 23, spot Bitcoin ETFs recorded a total of $2.75 billion in inflows. This highlights the sustained interest from institutional investors, even though price movements haven’t fully mirrored that demand.
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