iShares Bitcoin Trust Posts $177.94M Outflows, Joins GOP ETF Top Five
IBIT•The iShares Bitcoin Trust ETF suffered $177.94 million in net outflows on May 28, driving $228.88 million from 13 US spot Bitcoin ETFs over nine consecutive sessions. Separately, iShares Bitcoin Trust has entered the top five holdings of a Republican lawmakers' mirror ETF that is up over 20%.
1. Net Outflows from iShares Bitcoin Trust
On May 28, iShares Bitcoin Trust recorded $177.94 million in net redemptions, accounting for most of the $228.88 million withdrawn across 13 US spot Bitcoin ETFs during a nine-session outflow streak. The ETF complex still holds $94.25 billion in net assets despite the sell-off.
2. GOP Mirror ETF Incorporates IBIT
The iShares Bitcoin Trust has surged into the top five holdings of a Republican lawmakers' mirror ETF, which has risen more than 20% this year. This inclusion reflects increased GOP investment in bitcoin alongside tech stocks such as Intel and Nvidia, contributing to stronger portfolio returns.
