On May 29. 2025. US spot Bitcoin exchange-traded funds (ETFs) collectively recorded a net outflow of $347 million, marking the first such occurrence in over two weeks. This downturn coincided with Bitcoin's price dipping by more than 3.5%, falling from an intraday high of $108.850 to briefly below $105.000.
Market-Wide Outflows Amid Bitcoin Price Decline
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows with a withdrawal of $166 million, followed by the Grayscale Bitcoin Trust (GBTC) with $107.5 million. Other ETFs, including those from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck, also experienced outflows. Funds from CoinShares, WisdomTree, and Grayscale's mini Bitcoin trust reported no activity for the day.
BlackRock's IBIT Stands Out with Continued Inflows
Contrary to the broader market trend, BlackRock's iShares Bitcoin Trust (IBIT) attracted a net inflow of $125 million on the same day. This marks the 34th consecutive trading day of inflows for IBIT, which last saw an outflow on April 9. Over the past two weeks, IBIT has accumulated nearly $4 billion in inflows, bringing its total to $49 billion and assets under management exceeding $70 billion.
Ethereum ETFs Also See Positive Momentum
While Bitcoin ETFs faced outflows, spot Ether ETFs experienced a net inflow of $92 million on May 29. marking the 10th consecutive trading day without an outflow. BlackRock's iShares Ethereum Trust (ETHA) led these inflows with just over $50 million, bringing its total to $4.5 billion since its launch in July 2024.
Conclusion
The recent outflows from Bitcoin ETFs highlight the market's sensitivity to price fluctuations. However, BlackRock's IBIT continues to demonstrate resilience with sustained inflows, underscoring investor confidence in its offerings. Simultaneously, the positive momentum in Ethereum ETFs suggests a diversified interest in cryptocurrency investments among institutional investors.
