Bitcoin ETF investors withdrew $733.43M on May 27, extending an eight-day streak with six funds recording redemptions and no inflows. BlackRock’s IBIT led the outflows with $527.84M, followed by Grayscale’s GBTC at $104.76M and Fidelity’s FBTC at $60.30M. Ether ETFs saw $67.15M in net outflows, led by BlackRock’s ETHA, extending a 12-day outflow streak. HYPE and Solana ETFs gained $3.40M and $557K, reflecting selective altcoin demand. Total bitcoin ETF value traded was $2B, while total net assets closed at $96.45B. The pattern suggested investors were rebalancing rather than rotating within the category.
"Bitcoin ETFs lost $733.43M, with Blackrock IBIT shedding $527.84M on May 27. Ether ETFs saw an outflow of $67.15M led by Blackrock ETHA, extending a 12-day outflow streak. HYPE and solana ETFs gained $3.40M and $557K as altcoin demand stayed selective."
"Bitcoin ETFs suffered the sharpest blow of the day, posting $733.43 million in net outflows. It marked the group's eighth consecutive day of withdrawals, with six funds seeing redemptions and no products recording inflows. Blackrock's IBIT once again carried the largest outflow, losing $527.84 million. Grayscale's GBTC followed with a $104.76 million exit, while Fidelity's FBTC shed $60.30 million."
"The selling was not limited to the largest names. Bitwise's BITB posted $17.48 million in outflows, Ark & 21Shares' ARKB lost $17.39 million, and the Grayscale Bitcoin Mini Trust saw $9.94 million leave the fund. Total bitcoin ETF value traded stood at $2 billion, while total net assets closed at $96.45 billion."
"The lack of inflows suggested investors were still rebalancing portfolios rather than rotating within the category. Bloomberg ETF senior analyst Eric Balchunas shared on X that IBIT's $528 million outflow was its second-largest single-day outflow since launch. However, he added that IBIT still ranks in the top 2% of all ETFs with $2 billion in net inflows year-to-date, while cumulative historical inflows have reached $64 billion, making the latest outflow less than 1% of total in"
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