BlackRock’s IBIT 20-day inflow streak broken as Bitcoin ETFs see outflows of $96 million

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com BlackRock’s iShares Bitcoin Trust (IBIT) has broken its 20-day inflow streak, recording no new investor inflows on May 13.This marks the fund’s first zero-flow day since April 14 and comes amid a broader pullback from spot Bitcoin ETFs.On May 13, the twelve spot Bitcoin ETFs saw cumulative outflows of $96.14 million on the day. Fidelity’s FBTC led the day’s negative flow with a $91 million outflow, and Hashdex’s DEFI with $4.7 million, exiting the fund.IBIT inflow streakThe halt in IBIT flows ends one of its most notable runs since launch. Although the current streak didn’t surpass its 2024’s 104 consecutive days of inflows, it reflects the continued institutional appetite for Bitcoin exposure.IBIT’s performance over the past month included several standout days. On April 28, it attracted $970 million in a single day, its second-highest daily inflow since launching in January 2024. The fund also brought in $674 million on May 2, $643 million on April 23, and $531 million in new capital on May 5.BlackRock’s IBIT Flows (Source: SoSoValue)In total, IBIT added more than $5 billion during the 20-day streak. Year-to-date, its inflows exceed $7 billion, helping it outperform traditional funds like SPDR Gold Shares (GLD), which brought in around $6.5 billion in the same period.IBIT remains the dominant spot Bitcoin ETF by net assets. It currently manages more than $65 billion in assets and controls more than 3% of BTC’s circulating supply.The post BlackRock’s IBIT 20-day inflow streak broken as Bitcoin ETFs see outflows of $96 million appeared first on CryptoSlate.Source link