Bitcoin ETFs in the U.S. experienced a significant outflow of funds on Wednesday, with investors withdrawing over $733 million – the largest daily drop in weeks. BlackRock’s IBIT fund saw the biggest decrease, and Fidelity’s FBTC and Grayscale’s GBTC also saw substantial withdrawals. This selling contributed to a drop in Bitcoin’s price, which fell below $73,000 during the day.
Recent increases in global tensions caused the market to decline more quickly. U.S. military action near the Strait of Hormuz made traders cautious, leading to falling prices in the crypto market. Bitcoin’s price dropped 3.32% in the last 24 hours, reaching approximately $73,318. At the same time, funds that issue Bitcoin ETFs experienced increased selling, as investors pulled out their money, forcing these funds to sell some of their Bitcoin.
BlackRock dominates despite heavy withdrawals
Despite experiencing the largest outflows of any Bitcoin ETF today, BlackRock’s IBIT remains the most popular, with over $64 billion in total investments. Trading volume for the fund was also high, reaching almost $1.49 billion, indicating continued investor activity even with recent selling.
Both Fidelity’s FBTC and Grayscale’s GBTC experienced continued withdrawals, losing approximately $60.30 million and $104.76 million, respectively. Since converting to a spot ETF, GBTC has seen total outflows exceed $26 billion. Investors are shifting their money to ETFs with lower fees.
Bitcoin ETFs continue to hold around $96.45 billion in assets, which makes up about 6.4% of all Bitcoin in circulation, according to SoSoValue. Despite some selling in May, these ETFs have seen a total of $56.02 billion invested since they first became available.
Ethereum and Solana ETFs hold investor attention
Ethereum ETFs experienced $67.15 million in outflows on May 27th. Despite this, overall investments into these ETFs remain strong, totaling over $11.51 billion. BlackRock’s ETHA is still the leading Ethereum ETF with over $6.1 billion in assets, solidifying its position as the most popular option.
Spot Solana ETFs continued to attract significant investment, with over $557 million flowing in, indicating ongoing demand from investors looking for different ways to invest in cryptocurrency. Total investments in these ETFs have now surpassed $1.13 billion, with Bitwise’s SOL fund holding the largest share at almost $687.5 million.
Fidelity and Grayscale were also invested in this area, and trading continued at a steady pace. Daily trading volume totaled around $33 million, indicating ongoing interest even as the overall market remained hesitant.
Recently, traders noticed a very large, private sale of shares in BlackRock’s IBIT Bitcoin ETF. Bloomberg’s Eric Balchunas reported the trade totaled $1.3 billion, involving 29.2 million shares. Alex Thorn, a researcher at Galaxy, called it the biggest trade of its kind he’d ever seen, suggesting strong interest in Bitcoin ETFs from large institutions.
A large block of IBIT shares, worth $1.289 billion, was sold today at 10:30am through a dark pool by an unidentified party. This is the largest trade of its kind I’ve ever witnessed.
— Alex Thorn (@intangiblecoins) May 26, 2026
Crypto market sentiment remained hesitant overall. The Fear and Greed Index, according to CoinMarketCap, continued to indicate “fear.” Despite this, institutions continued to invest, with consistent money flowing into ETFs and strong trading activity in major funds.
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2026-05-28 13:41