BlackRock-Led Bitcoin ETFs Post Ninth Straight Day of Outflows

On May 28, US spot Bitcoin exchange-traded funds recorded a ninth consecutive session of net outflows totaling $228.88 million, with BlackRock’s iShares Bitcoin Trust (IBIT) responsible for $177.94 million of the withdrawals, according to SoSoValue data.

Grayscale’s GBTC saw $26.19 million pulled and Fidelity’s FBTC recorded $19.16 million in redemptions. The nine-day run has removed more than $2 billion from the 13-fund group since May 14.

The 13 US spot Bitcoin ETFs held about $94.25 billion in combined net assets, equal to roughly 6.39% of Bitcoin’s market capitalization. Cumulative net inflows into the products since their launch remain near $55.79 billion.

Market participants cited a shift in Federal Reserve expectations and rising oil prices as factors behind the selling. Goldman Sachs moved its forecast for the next Fed rate cut to December 2026, and higher oil has pushed measures of core inflation back above 2%. Ongoing U.S.-Iran tensions were also mentioned as contributing to risk-off flows.

Bitcoin traded near $73,504 at the time of reporting, down about 5.4% over the past seven days and roughly 42% below its October 2025 peak above $126,000. The next daily flow figures, released after U.S. markets close, will show whether the streak of outflows continues.