- Bitcoin ETFs saw a staggering $346.8M outflows after a 10-day $4.26B inflow streak.
- BlackRock’s IBIT, the lone wolf, defied the trend with a cool $125 million inflow.
Ah, the sweet scent of success! After a glorious 10-day run, where over $4.26 billion flowed into U.S. spot Bitcoin [BTC] ETFs like a river of gold, reality came crashing down with a $346.8 million net outflow, as reported by Farside Investors. Talk about a plot twist!
This marks the largest daily withdrawal since March 11th, a date that will live in infamy for investors, highlighting a sudden bout of caution. Who knew caution could be so… popular?
Bitcoin ETF inflows streak breaks
On this fateful day, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge out the door, pulling out a whopping $166 million. It’s like watching a dramatic exit scene in a soap opera!
Hot on its heels was Grayscale’s GBTC, which saw $107.5 million in net redemptions. It’s a veritable stampede of capital flight!
Other funds, including those from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck, also joined the exodus. It’s like a financial game of musical chairs, and everyone’s scrambling for a seat!
But wait! In a plot twist worthy of a Shakespearean drama, BlackRock’s iShares Bitcoin Trust (IBIT) went against the tide, reeling in $125 million in net inflows. It’s like the hero of the story, extending its impressive 34-day streak of daily inflows, with total inflows nearing $49 billion and assets under management now topping $70 billion. Bravo!
What about Ethereum ETF?
Meanwhile, in the land of Ethereum [ETH], the spot ETFs continued to bask in the limelight, recording $92 million in net inflows on May 29th alone. It’s like watching a different movie altogether!
BlackRock’s iShares Ethereum Trust (ETHA) recorded more than $50 million in fresh inflows, raising its total to $4.5 billion since its launch in July 2024. Talk about a blockbuster debut!
ETF Store President Nate Geraci chimed in, noting that this activity coincides with a broader trend. Over the past five weeks, Bitcoin ETFs attracted more than $9 billion, while gold ETFs saw nearly $3 billion in outflows. It’s a tale of two markets!
CryptoQuant founder believes…
As Bitcoin’s price slipped from $111K to around $105,615, the recent market correction may be the culprit behind this ETF momentum shift. It’s like a rollercoaster ride, and we’re all just holding on for dear life!
The evolving market cycle seems increasingly driven by growing institutional involvement, especially after the approval of U.S. spot Bitcoin ETFs in early 2024. It’s a new dawn, a new day!
Reflecting on this trend, CryptoQuant founder Ji Young Ju admitted to a misjudged bear market prediction made in early 2025, only to see Bitcoin reach a new all-time high just two months later. Talk about a plot twist!
Young Ju put it best when he said,
“It feels like it’s time to throw out that cycle theory. New liquidity sources and volume are becoming more uncertain, signaling a transition as the Bitcoin market merges with TradFi.”
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2025-05-30 23:07