Overview
- The 13 U.S. spot Bitcoin ETFs moved into a short-term outflow phase that stretched to ten straight days for BlackRock’s IBIT through May 29, with May 29 showing a materially smaller daily withdrawal than earlier peaks.
- Data providers show roughly $3.67 billion in net outflows over the roughly two-week window and about $3.83 billion in gross outflows, with BlackRock’s IBIT accounting for about $2.29 billion of that total.
- Despite the recent selling, the 13 funds still hold about $94.25 billion in assets under management and cumulative net inflows since launch remain near $55.79 billion, meaning the redemptions have trimmed but not erased prior institutional accumulation.
- Market participants attribute the exits to changing Fed rate expectations, rising oil prices lifting inflation measures, and heightened US‑Iran tensions, with one bank moving its next expected Fed cut later into 2026.
- It is unclear whether the streak has peaked or paused because May 29’s lighter outflow could signal cooling demand or a temporary breather, and some analysts view large outflows as a contrarian signal that can precede renewed buying pressure.