BlackRock’s Bitcoin ETF Concludes Its 31-Day Streak Of Inflows

The largest asset management firm in the world, BlackRock, has concluded its 31-day streak of inflows into its spot Bitcoin exchange-traded fund (ETF), marking the largest outflow day since the product’s inception in January 2024.

On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) saw its notable inflow period come to an end with a significant daily outflow of $430.8 million, as reported by Farside data. Prior to this, the largest outflow recorded was on February 26, totaling $418.1 million.