Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103548
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.69%
Bitcoin Share
ZyCrypto 2025-05-31 18:46:42

BlackRock’s IBIT Snaps 31-Day Winning Streak With Largest Outflow Ever Amid Tariff Angst

BlackRock’s IBIT Snaps 31-Day Winning Streak With Largest Outflow Ever Amid Tariff Angst

BlackRock’s iShares Bitcoin Trust (IBIT) has ended its spot Bitcoin exchange-traded fund (ETF) inflow streak with its largest single-day outflow day since the fund went live in January 2024. IBIT witnessed over $430 million in outflows on May 30, a reversal after 31 consecutive days of positive accumulation. Investors Pull $430.8 Million From BlackRock’s Bitcoin ETF Investors pulled $430.8 million from BlackRock’s spot Bitcoin ETF on Friday amid flaring tensions between the U.S. and China over President Donald Trump’s tariffs. It was IBIT’s biggest single-day net outflow since its launch, according to data from U.K. asset manager Farside Investors. Before this, IBIT’s largest outflow day was on Feb. 26, bleeding $418.1 million in investor money. Nate Geraci, the president of investment advisor ETFStore, observed in a May 31 post on X, “What a run over the past 30+ days, though.” Geraci pointed out that BlackRock’s IBIT is now pushing approximately $70 billion in Bitcoin assets under management since its debut — continuing to assert its dominance in the market. “Not sure I have words to describe how ridiculous this is,” he posited. Overall, the dozen US-listed spot Bitcoin ETFs as a whole posted net outflows for the second consecutive day on May 30, totaling $616.1 million. The latest pullback came as global economic tensions rattled financial markets, triggering a cascade of liquidations and pulling prices below key support levels. Bitcoin was trading hands at around $104,140 at publication time, according to CoinMarketCap data. Just nine days ago, the world’s oldest and largest cryptocurrency was trading at all-time highs of nearly $112,000. The volatility comes after U.S. President Donald Trump accused China of violating a bilateral trade pact, forcing him to double tariffs on steel and aluminum to 50% to protect domestic industries. Trump claimed China broke a May agreement to ease trade tensions, adding that he might discuss the issue with President Xi Jinping. The President also announced new tariffs on Canada and Mexico, reigniting trade war fears and sending ripples across financial markets.

Most Read News

Moralis Money
Market Cap
24h Vol
63.69%
Bitcoin Share
55
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.