Key Takeaways
- IBIT has recorded 10 consecutive days of outflows from May 15 through May 29.
- Largest single IBIT outflow: $527.8M on May 27.
- May 29 total outflow of $125.3M suggests selling pressure is moderating slightly.
As a Bitcoin investor, I’ve been watching the ETF flows closely, and honestly, it’s a bit concerning. Since May 11th, 2026, there have only been two days with positive inflows. For the other eleven trading days, we’ve seen net outflows across the board – that includes all the major players like BlackRock, Fidelity, ARK, and Grayscale. Those couple of positive days in May didn’t really make a dent in the overall trend, which is clearly downwards right now.
The BlackRock picture
Over a thirteen-day period, BlackRock’s iShares Bitcoin Trust (IBIT) only experienced one day of positive investment. Farside Investors data shows that on May 14th, the fund saw $144.1 million in inflows, making it the sole day with gains during that time. All other days showed net outflows.
The period began on May 15th with $136.2 million in outflows. May 18th saw the largest single-day outflow up to that point, at $448.4 million. Outflows then decreased to between $60 and $100 million per day for three days, before increasing again. The largest single-day outflow overall occurred on May 27th, reaching $527.8 million. May 28th saw inflows of $177.9 million, and May 29th had the smallest outflow of the period, at $68.2 million.
Over a thirteen-day period, IBIT experienced approximately $2.435 billion in outflows and $144.1 million in inflows. BlackRock’s fund alone saw a net outflow of about $2.29 billion over two weeks.
The full ETF picture
IBIT wasn’t alone in experiencing losses. Overall, all providers showed a similar pattern of outflows, but on a larger scale.
May 13th saw a significant surge in investments, totaling $630.4 million. This was largely due to $284.7 million from IBIT, $177.1 million from ARK’s ARKB, and $133.2 million from Fidelity. The following day, May 14th, offered a short-lived slowdown with total inflows of $131.3 million, again with IBIT leading at $144.1 million. However, this pause in the trend didn’t last.
As an analyst, I’ve been tracking daily inflows, and May 18th was a particularly strong day, ranking as the second highest we’ve seen with a total of $648.6 million. Most of that came from IBIT at $448.4 million, with ARK contributing $109.6 million and Fidelity adding $63.4 million – all moving in a similar pattern. We saw another $331.1 million come in on May 19th. Then, for the next three days – May 20th through the 22nd – inflows slowed down, averaging between $70 and $105 million per day, before picking up again.
Trading resumed on May 26th with a total of $333.6 million in outflows. The largest outflows occurred on May 27th, totaling $733.4 million. This was driven by $527.8 million from IBIT, $104.8 million from Grayscale’s GBTC, and $60.3 million from Fidelity, with smaller amounts from ARK and Grayscale’s BTC fund. Outflows slowed on May 28th with $223.3 million, and further decreased to $125.3 million on May 29th.
Over thirteen days, there was a net outflow of around $3.67 billion. Total outflows reached approximately $3.83 billion, while total inflows on May 11th and 14th totaled $158.5 million.
What the provider breakdown shows
Most of the money leaving Bitcoin ETFs came from BlackRock’s IBIT, accounting for about 62% of total outflows. Fidelity’s FBTC also saw consistent, though smaller, outflows. ARK’s ARKB experienced two days of large outflows in mid-May, then saw little activity. Grayscale’s GBTC, which had previously lost $21 billion after becoming an ETF, contributed significantly on May 27th with $104.8 million in outflows – the largest single-day amount in the data.
Morgan Stanley’s bitcoin fund (MSBT) saw little change in its holdings overall. Bitwise (BITB) experienced some moderate selling over several days. Smaller fund providers like VanEck (HODL), WisdomTree (BTCW), Invesco (BTCO), and Franklin (EZBC) either didn’t contribute much or didn’t contribute at all to the daily trading volume.
The pace on May 29
Trading volume dropped significantly on May 29th, reaching $125.3 million. This is a considerable decrease compared to recent days, which saw volumes of $223 million, $733 million, and $223 million. Outflows from IBIT also slowed, totaling $68.2 million – the lowest amount since May 20th when they were $61.5 million.
It’s still unclear whether the recent market downturn is truly ending or just pausing. The potential for a new agreement regarding Iran, outlined on May 29th, might be easing some of the pressure, as global political uncertainty has been the main driver of the recent selling. If this agreement moves forward and is confirmed, we could see a significant shift in the market over the next few days, a change from the trends of the last ten days.
After thirteen days of trading, with two days showing positive inflows, investors have seen a net outflow of $3.67 billion. The recent success of IBIT, and the overall market, has lasted ten days since May 14th. The lower numbers on May 29th could indicate a slowdown in growth, or simply a temporary pause before another increase.
This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.
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2026-05-30 11:16