BlackRock’s Bitcoin ETF Sheds $2.1 Billion in 10 Days as US Bitcoin ETFs Post Third Red Week
BlackRock’s iShares Bitcoin Trust has shed about $2.1 billion worth of Bitcoin over the past 10 days as redemptions continued across U.S. spot crypto exchange-traded funds. SoSoValue data showed U.S. spot Bitcoin ETFs logged a 10th consecutive day of net outflows on May 29, after IBIT recorded a $528 million withdrawal on May 27, its second-largest daily outflow since launch.
The retreat left U.S. Bitcoin ETFs with a third straight week of net outflows, taking withdrawals since May 11 to more than $3.5 billion. U.S. spot Ethereum ETFs have also remained under pressure, extending their own outflow streak to 14 consecutive days with a $17.91 million net withdrawal on May 29.
From the sources (13 posts)
@cointelegraph🚨 JUST IN: BlackRock’s Bitcoin ETF $IBIT saw $527.8M outflows on May 27, marking its largest daily outflow since inception.
@wublockchainAccording to SoSoValue data, on May 27 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 733 million. The Bitcoin spot ETF with the largest single-day net inflow was Morgan Stanley’s MSBT, with USD 4.2941 million in net
@wublockchainBlackRock's IBIT Records $528M Outflow – 2nd Largest Single-Day Since Inception Bloomberg ETF senior analyst Eric Balchunas noted that iShares Bitcoin Trust (IBIT) recorded $528 million in net outflows yesterday, marking the second-largest
@coindeskLATEST: @BlackRock's $IBIT records its second-largest ever daily outflow at $528M as $BTC slides below $73,000.
@globalmktobserv‼️Bitcoin ETF outflows are accelerating sharply: Bitcoin ETFs have posted outflows in 10 of the last 11 trading days, with the Bitcoin ETF, $IBIT, leading redemptions at -$527 million. Total Bitcoin ETF outflows also reached -$1.3 billion
@globalmktobservRT @GlobalMktObserv: ‼️Bitcoin ETF outflows are accelerating sharply: Bitcoin ETFs have posted outflows in 10 of the last 11 trading days,…
@cointelegraph🚨 UPDATE: This is the Bitcoin ETFs' third consecutive red week. Over $3.5B flowed out over the past 3 weeks.
@cointelegraph🚨 ETFS: IBIT has been red every day for the past 2 weeks. Overall, The US Bitcoin ETFs just closed its 3rd consecutive red week. That's over $3.5B in net outflows since May 11th.
@cointelegraph🇺🇸 ETF FLOWS: XRP and SOL spot ETFs led inflows on May 29, while BTC and ETH spot ETFs recorded net outflows. BTC: -$125.3M ETH: -$18.0M SOL: +$1.3M XRP: +$11.88M
@wublockchainAccording to SoSoValue data, on May 29 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $125 million, marking the 10th consecutive day of net outflows. U.S. spot Ethereum ETFs saw a total net outflow of $17.91 million, extending
@kalshi_cryptoJUST IN: BlackRock has sold $2.1B worth of Bitcoin over the past 10 days
@cryptoroverHUGE SELLING BY BLACKROCK 🚨 BlackRock has sold $2.1 BILLION worth of Bitcoin over the last 10 trading days.
@eyewhalesJUST IN: BlackRock has reportedly sold $2.1 billion worth of Bitcoin over the past 10 days.