PiCK
US Spot Bitcoin ETFs Post $223.3 Million in Net Outflows, Extending Streak to Nine Sessions
Minseung Kang
Summary
- US spot Bitcoin ETFs recorded $223.3 million in net outflows in one day.
- BlackRock's iShares Bitcoin Trust (IBIT) posted the largest outflow, with $177.95 million withdrawn.
- As outflows from spot Bitcoin ETFs resumed, the market grew more cautious over a potential slowdown in institutional demand.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds recorded $223.3 million in net outflows in one day.
Trader T wrote on X on May 29 that US spot Bitcoin ETFs saw total net outflows of $223.3 million as of May 28.
BlackRock's iShares Bitcoin Trust (IBIT) posted the largest outflow, with $177.95 million withdrawn. Grayscale Bitcoin Trust (GBTC) recorded $26.19 million in net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) posted $19.16 million in net outflows.
Bitwise's BITB, ARK's ARKB, Invesco's BTCO and Franklin's EZBC were flat, with no net inflows or outflows.
The resumption of outflows from spot Bitcoin ETFs has heightened market caution over whether institutional demand is weakening.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
