From Cointelegraph

May 31, 2025 2:42 am:

BlackRock, the world’s largest asset manager, experienced its biggest outflow day for its Bitcoin ETF, with $430.8 million leaving the iShares Bitcoin Trust on May 30. This marked the end of a 31-day inflow streak, totaling $44.35 billion since the product’s launch in January 2024.

ETF analyst Nate Geraci highlighted BlackRock now holds around $70 billion in Bitcoin, with 11 US spot Bitcoin ETFs collectively seeing $616.1 million in outflows on May 30. The day before, the cohort ended its 10-day net inflow streak with an outflow of $346.8 million, with BlackRock still posting an inflow.

Despite the outflows, Kyle Chasse of Master Ventures noted BlackRock’s continued buying activity, calling it “big brain energy” and emphasizing the transfer of supply to stronger hands. The recent outflows are seen as a quiet transfer rather than retail panic, contributing to the overall growth of the market.

Bitcoin’s spot price currently sits at $103,700, down 2.27% over the past 24 hours. Despite significant inflows into Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust, totaling over $6.2 billion in May, the spot price of Bitcoin has not seen a significant rise, indicating a potential discrepancy in market behavior.

In the trading week ending May 23, spot Bitcoin ETFs recorded $2.75 billion in inflows, highlighting continued investor interest in the cryptocurrency market. The discrepancy between inflows and price movement indicates a complex market dynamic that may impact future trends in the industry.

Read more at Cointelegraph: BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever