BlackRock's iShares Bitcoin Trust (IBIT) recently experienced its largest outflow since launch, with $430.8 million withdrawn on May 30, ending a 31-day inflow streak. This significant outflow contributed to the 11 US spot Bitcoin ETFs recording net outflows for the second consecutive day, totaling $616.1 million.

*Key Details:*

- *IBIT's Outflow*: $430.8 million was withdrawn from IBIT on May 30, surpassing its previous largest outflow of $418.1 million on February 26.

- *Total Net Inflows*: Despite recent outflows, spot Bitcoin ETFs have accumulated $44.35 billion in net inflows since launch in January 2024.

- *Market Impact*: Bitcoin's price didn't see a commensurate drop, sparking discussions about the relationship between ETF inflows and market dynamics ¹.

*Current Bitcoin ETF Performance:*

- iShares Bitcoin ETF (IBIT.NE): Trading at $43.20 CAD, with a 1.89% increase.

- Purpose Bitcoin ETF (BTCC.U.TO): Trading at $19.28 USD, with a 3.54% increase.

- *Other Bitcoin ETFs*: Various ETFs, such as REX Bitcoin COR TRE CO B ETF (BMAX) and ONE+ONE NASQ 100 Bitcoin ETF (OOQB), are also available ² ³ ⁴.