BlackRock’s Bitcoin ETF Breaks 31-Day Inflow Streak with Record Outflow

 

BlackRock Ends 31-Day Bitcoin ETF Inflow Streak with Record $430.8M Outflow

BlackRock has ended its 31-day streak of inflows into its spot Bitcoin exchange-traded fund (ETF), marking its largest outflow since launching the product in January 2024. On May 30, the iShares Bitcoin Trust (IBIT) saw a record $430.8 million in outflows—surpassing its previous high of $418.1 million on Feb. 26, according to data from Farside.

Despite the sharp reversal, ETF analyst Nate Geraci commented in a May 31 X post, “What a run over the past 30+ days,” noting that IBIT now holds nearly $70 billion in Bitcoin. “Not sure I have words to describe how ridiculous this is,” he added.

The broader U.S. spot Bitcoin ETF market also recorded net outflows for a second straight day on May 30, totaling $616.1 million. The day before, the sector broke its 10-day inflow streak with $346.8 million in outflows—though BlackRock still managed to post a net inflow that day.

Commenting on the trend, Master Ventures founder Kyle Chasse remarked, “Every other issuer saw red. BlackRock kept buying… big brain energy right there.” He dismissed the idea that recent outflows are due to retail panic, suggesting instead a “quiet transfer of supply to the strongest hands.”

As of May 31, Bitcoin is trading at $103,700, down 2.27% over the past 24 hours, according to CoinMarketCap.

Despite over $6.2 billion flowing into BlackRock’s ETF in May—including $2.75 billion in the week ending May 23—Bitcoin’s price has not seen a corresponding rise. Derive founder Nick Forster noted the disconnect, pointing out that ETF inflows have yet to be fully reflected in spot market pricing.