Spot Bitcoin ETFs Lose $2.8B Over Nine Days with $527.8M IBIT Outflow
IBIT•Spot Bitcoin ETFs have suffered $2.8 billion in outflows over nine consecutive days, led by a record $733.43 million withdrawal Wednesday. BlackRock’s IBIT accounted for $527.84 million of that single-day exodus, pushing ETF year-to-date flows negative and highlighting eroding institutional demand.
1. Record Nine-Day Bitcoin ETF Outflows
Spot Bitcoin ETFs recorded $2.8 billion in outflows over nine straight days starting May 15, marking the longest streak of daily withdrawals on record. Outflows accelerated midweek with a $733.43 million single-day exodus, underscoring waning institutional appetite for spot BTC exposure.
2. BlackRock IBIT Sees Largest Single-Day Withdrawal
BlackRock’s IBIT led the decline with a $527.84 million outflow on Wednesday, representing over 70% of total ETF withdrawals that day. This surge pushed IBIT’s cumulative losses higher and contributed strongly to ETFs’ negative year-to-date flow balance.
3. Weekly Capital Exodus Accelerates
Weekly outflows grew from $1 billion in mid-May to $1.26 billion last week and $1.30 billion already this week, signaling deepening concern among institutional investors. The sustained withdrawals suggest a shift away from crypto toward perceived safer or higher-growth opportunities.
4. Rotation Toward Equities Amplifies Pressure
Equity markets, buoyed by AI-driven gains and megacap stocks, have attracted investor capital, with the S&P 500 hitting fresh highs. Notable rallies, including a 207% surge in a leading semiconductor stock, highlight why mental and financial capital is rotating from crypto ETFs into equities.
