BlackRock’s iShares Bitcoin Trust (IBIT) experienced a significant $430.8 million outflow on May 30, the largest daily withdrawal since its January launch, ending a notable 31-day inflow streak. Despite a strong month adding $6.2 billion in Bitcoin assets to the fund—now holding around $70 billion—this shift mirrors broader market trends with multiple U.S. spot Bitcoin ETFs reporting redemptions. Bitcoin's spot price hovered near $103,700 amid heightened volatility and critical support and resistance levels, signaling cautious market sentiment and potential for upcoming price movements.
Continue to read BlackRock’s iShares Bitcoin Trust Faces Record $430M Outflow, Ending Month-Long Growth Streak
BlackRock’s iShares Bitcoin Trust (IBIT) experienced a significant $430.8 million outflow on May 30, the largest daily withdrawal since its January launch, ending a notable 31-day inflow streak. Despite a strong month adding $6.2 billion in Bitcoin assets to the fund—now holding around $70 billion—this shift mirrors broader market trends with multiple U.S. spot Bitcoin ETFs reporting redemptions. Bitcoin's spot price hovered near $103,700 amid heightened volatility and critical support and resistance levels, signaling cautious market sentiment and potential for upcoming price movements.
Continue to read BlackRock’s iShares Bitcoin Trust Faces Record $430M Outflow, Ending Month-Long Growth Streak
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