Bitcoin ETFs have first joint outflow in 2 weeks, but BlackRock bucks trend
US Bitcoin ETFs ended a 10-trading-day inflow streak with a $347 million net outflow on May 29, with BlackRock’s fund the only product to see a net inflow.
US spot Bitcoin exchange-traded funds have seen their first joint outflow day in over two weeks, with only BlackRock’s fund seeing a net inflow for the day.
The 11 Bitcoin (BTC) ETFs together recorded a net outflow of $347 million on May 29, ending a 10-trading-day inflow streak, which last happened on May 13, according to CoinGlass.
It is also the largest single day of net outflows since March 11, when $396 million in total left the ETFs.
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