According to Cointelegraph, the world's largest asset management company BlackRock's spot Bitcoin ETF ended a 31-day inflow on May 30, setting a record for the largest single-day outflow since its launch in January 2024, amounting to $430.8 million.
The previous largest outflow day was February 26, with an outflow of $418.1 million. ETF analyst Nate Geraci stated that the performance over the past 30 days has been surprising, and BlackRock currently holds about $70 billion in Bitcoin.
On May 30, 11 U.S. spot Bitcoin ETFs experienced net outflows for the second consecutive day, totaling $616.1 million. On May 29, outflows were $346.8 million, while BlackRock still saw inflows.
Kyle Chasse, founder of Master Ventures, stated that this is not retail panic but rather a transfer of supply to the strong. The spot price of Bitcoin is $103,700, down 2.27% in the past 24 hours.
