BlackRock’s iShares Bitcoin Trust (IBIT) faced a significant $430.8 million outflow on May 30, ending its longest-ever 31-day inflow streak since its January launch. This marks the largest single-day withdrawal in IBIT’s history, even as the fund holds approximately $70 billion in Bitcoin. The broader U.S. spot Bitcoin ETF market also saw collective outflows, with overall investor sentiment showing signs of consolidation amid Bitcoin trading near $103,700. Analysts highlight that market conditions indicate potential volatility ahead, with critical resistance and support levels closely monitored by traders.
Continue to read BlackRock’s iShares Bitcoin Trust Ends 31-Day Inflow Streak with Record $430 Million Outflow
BlackRock’s iShares Bitcoin Trust (IBIT) faced a significant $430.8 million outflow on May 30, ending its longest-ever 31-day inflow streak since its January launch. This marks the largest single-day withdrawal in IBIT’s history, even as the fund holds approximately $70 billion in Bitcoin. The broader U.S. spot Bitcoin ETF market also saw collective outflows, with overall investor sentiment showing signs of consolidation amid Bitcoin trading near $103,700. Analysts highlight that market conditions indicate potential volatility ahead, with critical resistance and support levels closely monitored by traders.
Continue to read BlackRock’s iShares Bitcoin Trust Ends 31-Day Inflow Streak with Record $430 Million Outflow
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