Bitcoin ETFs Break Inflow Streak With $347M Outflow—BlackRock Defies the Trend
First Joint Outflow in 10 Trading Days Hits U.S. Spot Bitcoin ETFs
May 29, 2025 — U.S. spot Bitcoin ETFs collectively recorded a $347 million outflow, ending a 10-day inflow streak and marking their worst day since March 11, when $396 million exited the market.
The pullback coincided with a 3.5% intraday drop in Bitcoin’s price, which fell from $108,850 to under $105,000 — triggering a risk-off sentiment across digital asset funds.
🔻 Biggest Losers:
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Fidelity’s Wise Origin Bitcoin Fund (FBTC): –$166 million
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Grayscale Bitcoin Trust (GBTC): –$107.5 million
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Other exits: Ark 21Shares, Bitwise, Invesco, Franklin Templeton, and VanEck
In a sharp contrast to the rest of the market, BlackRock’s IBIT posted a $125 million inflow, extending its inflow streak to 34 consecutive trading days — unmatched by any other fund.
📈 IBIT by the Numbers:
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Total inflows (last 2 weeks): ~$4 billion
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Cumulative inflows: $49 billion
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Assets under management (AUM): Exceeds $70 billion
The firm’s ability to maintain inflows during broader pullbacks signals strong institutional conviction and positioning, possibly influenced by BlackRock’s in-house portfolio increasing IBIT exposure by 25% earlier this month.
Gold Outflows, Bitcoin Preference Grows
ETF Store President Nate Geraci highlighted a shifting narrative:
“Over the past five weeks, spot Bitcoin ETFs have gained over $9 billion, while gold ETFs have lost nearly $3 billion.”
This trend reinforces Bitcoin’s growing reputation as a modern store of value, with ETFs becoming a preferred vehicle for both retail and institutional exposure.
Ether ETFs Buck Bearish Trend With $92M Inflow
While Bitcoin ETF flows reversed, spot Ether ETFs posted $92 million in net inflows on May 29, extending their own 10-day inflow streak.
✅ BlackRock’s iShares Ethereum Trust (ETHA) led the charge, bringing in $50 million and totaling $4.5 billion in inflows since its July 2024 launch.
Momentum for ETH ETFs may have been bolstered by a recent SEC clarification that staking is not considered a securities activity, clearing a key regulatory hurdle.
Outlook: Market Consolidation or a Buying Opportunity?
While a single day’s outflow may reflect broader risk sentiment or profit-taking, BlackRock’s ongoing strength — along with positive Ether ETF momentum — suggests continued institutional interest in crypto as a long-term allocation.
With Bitcoin hovering above $105K and the ETF landscape growing more competitive, investors appear to be rotating strategically rather than exiting en masse.
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