U.S. spot Bitcoin ETFs witnessed a major setback as net outflows totaled $614.02 million on May 30, marking the largest single-day withdrawal since February 26.
The data, provided by Farside, highlights a sharp shift in investor sentiment across multiple ETF products.
IBIT Bears the Brunt
BlackRock’s IBIT faced the heaviest losses, recording $430.8 million in net outflows. This represents the bulk of the total capital withdrawn from the market. Fidelity’s FBTC followed with $13.7 million in outflows, while ARK Invest’s ARKB shed $120.1 million.
Bitwise’s BITB also saw significant movement, losing $35.3 million. Grayscale Mini’s BTC ETF closed the session with a $16.2 million outflow.
No Activity in Several ETFs
Meanwhile, a number of other Bitcoin ETFs showed no net flow activity during the day. These included Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, WisdomTree’s BTCW, and Grayscale’s legacy GBTC.
The sizable outflows reflect heightened market uncertainty and could signal a temporary risk-off approach among institutional investors.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-etfs-see-614-million-outflow-led-by-ibit/