BlackRock’s BTC ETF Loses $430M—31-Day Inflow Streak Snaps

BlackRock’s Bitcoin ETF posts record $430M outflow, ending a 31-day inflow streak. Explore ETF trends, market reactions...

Written by: Arslan Butt • Saturday, May 31, 2025 • 1 min read

Quick overview

BlackRock experienced its largest daily outflow from its spot Bitcoin ETF, totaling $430.8 million on May 30, 2024.
This outflow ended a 31-day streak of continuous inflows, with all U.S. spot Bitcoin ETFs seeing net outflows for two consecutive days.
Despite the outflow, BlackRock still holds approximately $70 billion in Bitcoin through its ETF.
The Bitcoin price remained relatively stable at $103,700, indicating that factors beyond ETF flows are influencing the market.

BlackRock, the world’s largest asset manager, saw its most significant daily outflow from its spot Bitcoin ETF since its launch in January 2024.

On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) had an unprecedented $430.8 million withdrawal, beating its previous largest outflow of $418.1 million on February 26, according to Farside data. This ended a 31-day streak of continuous inflows.

ETF analyst Nate Geraci noted that despite the outflow, BlackRock still has around $70 billion in Bitcoin through its ETF.

ETF Market Trends and Industry Reactions

BlackRock’s outflow came as all 11 U.S. spot Bitcoin ETFs experienced net outflows for the second consecutive day, totaling $616.1 million on May 30. The previous day, May 29, broke a 10-day inflow streak with a total withdrawal of $346.8 million; however, BlackRock reported inflows.

Industry folks were pointing out the divergence in issuer performance:

Kyle Chasse, founder of Master Ventures, said BlackRock is buying during the market sell-off, “big brain energy.”
He dismissed fears of “retail panic” and said the outflows are a strategic transfer of Bitcoin to stronger hands, not a mass sell-off.

Bitcoin price was $103,700 on May 30, down 2.27% over the last 24 hours, not a crash.

BTC/USD

Inflows vs. Price: The Bitcoin ETF Conundrum

Despite the significant inflows of ETFs, the Bitcoin price remains flat, leaving some investors puzzled. Nick Forster, founder of Derive, said over $6.2 billion flowed into BlackRock’s iShares Bitcoin Trust in May alone. But that didn’t move the price.

Key points:

$2.75 billion in spot Bitcoin ETF inflows in the week ending May 23.
The Bitcoin price is $103,700, showing no proportional move up despite ETF demand.

This means institutional Bitcoin ETF investments are growing, but the many other factors beyond ETF flows influence the spot market price.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.