Bitcoin ETF Outflows Halt After BlackRock’s Surge

A notable shift has occurred in the landscape of Bitcoin exchange-traded funds (ETFs), with a sudden reversal of investor inflows. US spot Bitcoin ETFs experienced their first joint outflow day in over two weeks, led by BlackRock’s fund which saw a net inflow on May 29th. This marks a departure from the previous 10 trading days of sustained inflows. According to CoinGlass data, $347 million was withdrawn from Bitcoin ETFs overall that day, marking the largest single-day outflow since March 11.