BlackRock, the world's largest asset management firm, recorded the largest net outflow since the launch of its spot Bitcoin (BTC) ETF, marking the end of its 31-day consecutive capital inflow streak.
As of May 30 (local time), BlackRock's IBIT experienced a maximum daily outflow of $430.8 million (approximately 59 billion won), surpassing the previous maximum outflow of $418.1 million from February 26. The UK data company Farside explained that this outflow is the highest since the product's launch in January.
ETF analyst Nate Geraci posted on his X (formerly Twitter) account, "It was an amazing inflow march that lasted over 30 days," and noted that "BlackRock currently holds Bitcoin worth approximately $70 billion (about 95.9 trillion won)." He expressed amazement at this extraordinary asset expansion, saying he didn't know how to describe such a scale.
This large-scale capital outflow from BlackRock's IBIT also impacted the entire US spot Bitcoin ETF market. On May 30, a total of $616.1 million (approximately 84 billion won) was withdrawn from 11 Bitcoin spot ETFs for the second consecutive day.
While Bitcoin spot ETFs had been strong due to market expectations of Trump's potential re-election, recent capital flows suggest the market has entered an adjustment phase. As BlackRock's spot ETF is an important indicator of market temperature, attention is focused on whether this outflow is a short-term phenomenon or a harbinger of market structural changes.
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