Bitcoin ETFs See First Collective Outflow in Two Weeks — Except BlackRock

 

Bitcoin ETFs See $347M in Outflows, Ending 10-Day Inflow Streak — BlackRock the Sole Exception

U.S. spot Bitcoin exchange-traded funds (ETFs) ended a 10-day inflow streak on May 29, recording a combined net outflow of $347 million—their first day of collective outflows since May 13, according to CoinGlass. Among all issuers, only BlackRock’s iShares Bitcoin Trust (IBIT) reported a net inflow for the day.

The outflow marks the largest single-day withdrawal from Bitcoin ETFs since March 11, when the market saw $396 million pulled from the funds. The move coincided with a broader downturn in Bitcoin’s price, which dropped over 3.5%—from an intraday high of $108,850 to briefly falling below $105,000.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the day’s outflows, shedding $166 million, followed by Grayscale’s Bitcoin Trust (GBTC), which lost $107.5 million. Other funds from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck also reported outflows. Meanwhile, ETFs from CoinShares, WisdomTree, and Grayscale’s mini trust reported no flows for the day.

In contrast, BlackRock’s IBIT bucked the trend with a $125 million net inflow, extending its consecutive daily inflow streak to 34 trading days. The fund has not seen a single outflow since April 9 and has attracted nearly $4 billion in new capital over the past two weeks. Total inflows have now reached $49 billion, with assets under management surpassing $70 billion.

Over the past five weeks, spot Bitcoin ETFs have seen net inflows exceeding $9 billion. In contrast, gold ETFs experienced nearly $3 billion in outflows during the same period, according to Nate Geraci, President of The ETF Store.

  

Ether ETFs Defy Market Trend with Continued Inflows

Spot Ether ETFs also showed resilience amid Bitcoin ETF outflows, posting a $92 million net inflow on May 29, according to Farside Investors. This marks the 10th consecutive trading day of positive flows, with the last outflow recorded on May 15.

BlackRock’s iShares Ethereum Trust (ETHA) led Ether ETF inflows, attracting over $50 million in new capital. Since its launch in July 2024, ETHA has accumulated $4.5 billion in total inflows.

Commenting on the recent clarification from the U.S. Securities and Exchange Commission that staking does not constitute a securities-related activity, Geraci noted: “Another hurdle cleared for staking in spot ETH ETFs.”