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🩸BEARISH

Spot Bitcoin ETFs Shed $635M as IBIT Leads Outflows

IBIT's first major outflow day of the cycle breaks a six-week inflow streak and signals that even BlackRock's book is no longer one-way bid when macro pressure hits.

Spot Bitcoin ETFs Shed $635M as IBIT Leads Outflows
Spot Bitcoin ETFs Shed $635M as IBIT Leads Outflows

U.S. spot Bitcoin ETFs bled $635 million in net outflows on May 13, led by BlackRock's IBIT with $285 million pulled out, according to SoSoValue data. Spot Ethereum ETFs shed a further $36.3 million on the same session, with BlackRock's ETHA accounting for $21.1 million of the total.

Why it matters

The IBIT print is the headline: a $285M single-day outflow from the venue that has anchored every inflow streak since launch is the first credible signal that institutional allocators are willing to exit, not just pause. Spot ETH ETFs bleeding in parallel confirms this is a risk-off rotation, not a Bitcoin-specific rotation.

Market impact

A one-day $635M combined outflow resets the running tally and ends a six-week inflow streak. The next session's tape is the test: a second consecutive outflow day would mark the first sustained institutional de-risking event of the cycle.

Related tokens
$BTC $ETH

Frequently asked questions

  1. How much did spot Bitcoin ETFs lose on May 13?

    U.S. spot Bitcoin ETFs recorded total net outflows of $635 million on May 13, according to SoSoValue data, the largest single-day outflow of the cycle and the first one to break a six-week inflow streak.

  2. Did BlackRock's IBIT see outflows?

    Yes. IBIT posted $285 million in net outflows on May 13, its first major single-day outflow since the fund launched and the largest single-fund contribution to the daily total.

  3. How did spot Ethereum ETFs perform the same day?

    Spot ETH ETFs shed $36.3 million in net outflows on May 13, with BlackRock's ETHA leading the bleed at $21.1 million in net outflows.

  4. Why is the IBIT outflow the headline rather than the $635M total?

    IBIT has anchored every inflow streak since the spot ETFs launched; a $285M single-day outflow from that specific book is the first credible signal that institutional allocators are willing to exit, not just pause adding.

  5. What is the next session to watch after the May 13 outflows?

    A second consecutive session of net outflows would mark the first sustained institutional de-risking event of the cycle. The May 14 tape is the test of whether May 13 was a one-day reaction or the start of a rotation.

Source attribution
Aggregated from WuBlockchain · Verified · Last refreshed 46d ago
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