BlackRock’s Bitcoin ETF Bleeds: IBIT Sees Record Outflow After 31-Day Streak as Tariff Fears Bite

Wall Street’s crypto darling stumbles—hard. BlackRock’s IBIT, the poster child for institutional Bitcoin adoption, just logged its biggest single-day outflow ever. The streak-snapping sell-off comes as tariff tensions rattle traditional markets, proving once again that even ’safe haven’ ETFs aren’t immune to geopolitical jitters.

Funny how quickly the ’digital gold’ narrative tarnishes when macro winds shift. Maybe those ’long-term hodlers’ are just tourists with better PR.

BlackRock’s iShares Bitcoin Trust (IBIT) has ended its spot Bitcoin exchange-traded fund (ETF) inflow streak with its largest single-day outflow day since the fund went live in January 2024.

IBIT witnessed over $430 million in outflows on May 30, a reversal after 31 consecutive days of positive accumulation.

Investors Pull $430.8 Million From BlackRock’s Bitcoin ETF

Investors pulled $430.8 million from BlackRock’s spot bitcoin ETF on Friday amid flaring tensions between the U.S. and China over President Donald Trump’s tariffs. It was IBIT’s biggest single-day net outflow since its launch, according to data from U.K. asset manager Farside Investors. Before this, IBIT’s largest outflow day was on Feb. 26, bleeding $418.1 million in investor money.

Nate Geraci, the president of investment advisor ETFStore, observed in a May 31 post on X, “What a run over the past 30+ days, though.” Geraci pointed out that BlackRock’s IBIT is now pushing approximately $70 billion in Bitcoin assets under management since its debut — continuing to assert its dominance in the market. “Not sure I have words to describe how ridiculous this is,” he posited.

Overall, the dozen US-listed spot Bitcoin ETFs as a whole posted net outflows for the second consecutive day on May 30, totaling $616.1 million. The latest pullback came as global economic tensions rattled financial markets, triggering a cascade of liquidations and pulling prices below key support levels.

Bitcoin was trading hands at around $104,140 at publication time, according to CoinMarketCap data. Just nine days ago, the world’s oldest and largest cryptocurrency was trading at all-time highs of nearly $112,000.

The volatility comes after U.S. President Donald TRUMP accused China of violating a bilateral trade pact, forcing him to double tariffs on steel and aluminum to 50% to protect domestic industries. Trump claimed China broke a May agreement to ease trade tensions, adding that he might discuss the issue with President Xi Jinping.

The President also announced new tariffs on Canada and Mexico, reigniting trade war fears and sending ripples across financial markets.