BlackRock’s IBIT Records $528M Outflow, 2nd Largest Since Launch

TLDR

• IBIT saw $527.84 million leave as bitcoin ETF withdrawals reached an eighth straight trading day.
• Bitcoin ETFs recorded $733.43 million in outflows, with no fund posting fresh inflows yesterday session.
• Ether ETFs lost $67.15 million, extending their withdrawal streak to twelve straight trading sessions overall.
• HYPE funds drew $3.40 million, while Solana ETFs attracted a smaller $557,160 inflow yesterday overall.
• Balchunas said IBIT remains in the top 2% of ETFs for year-to-date inflows this year.

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BlackRock’s iShares Bitcoin Trust recorded a sharp daily outflow on Tuesday. The fund lost $527.84 million in net assets during the session. Bloomberg ETF senior analyst Eric Balchunas said it was IBIT’s second-largest single-day outflow since launch.

IBIT Leads Heavy Bitcoin ETF Withdrawals

Spot bitcoin ETFs posted $733.43 million in net outflows during the trading day. The move marked the group’s eighth straight day of withdrawals. No bitcoin ETF recorded fresh inflows during the session.

BlackRock’s IBIT saw the largest exit among the bitcoin products. Grayscale’s GBTC followed with $104.76 million in outflows. Fidelity’s FBTC also lost $60.30 million during the same period.

BlackRock’s IBIT Records $528M Outflow – 2nd Largest Single-Day Since Inception

Bloomberg ETF senior analyst Eric Balchunas noted that iShares Bitcoin Trust (IBIT) recorded $528 million in net outflows yesterday, marking the second-largest single-day outflow since the ETF’s… pic.twitter.com/zUBJ71efD3

— Wu Blockchain (@WuBlockchain) May 28, 2026

Other bitcoin funds also saw redemptions. Bitwise’s BITB lost $17.48 million, while Ark and 21Shares’ ARKB lost $17.39 million. The Grayscale Bitcoin Mini Trust also posted $9.94 million in outflows.

Total bitcoin ETF value traded reached $2 billion. Total net assets closed at $96.45 billion. The data showed selling across several funds, rather than a move into rival bitcoin ETFs.

Balchunas Puts IBIT Outflow in Context

Eric Balchunas said on X that IBIT’s $528 million outflow was its second-largest daily exit. He also said the fund remains among the strongest ETFs this year. “IBIT still ranks in the top 2% of all ETFs,” he said, based on year-to-date inflows.

The analyst added that IBIT still has about $2 billion in net inflows this year. He also noted that total historical inflows have reached $64 billion. Based on that figure, the latest outflow was less than 1% of total inflows.

The comment gave context to the large daily redemption. However, the day’s flow still showed pressure in bitcoin ETF demand. Investors pulled money from several products, and no fund offset the move with inflows.

Two trading days have now brought about $1 billion in bitcoin ETF outflows. That pace has kept attention on large funds such as IBIT. The fund remains a key gauge for institutional bitcoin ETF demand.

Ether ETFs Fall as HYPE and Solana Gain

Ether ETFs also stayed under selling pressure. The products recorded $67.15 million in net outflows. That extended their losing streak to 12 straight trading days.

BlackRock’s ETHA carried most of the ether ETF outflow. The fund lost $65.10 million during the session. FETH added another $2.05 million in outflows.

No ether ETF posted fresh inflows during the day. Total ether ETF value traded reached $517.76 million. Net assets closed at $11.63 billion after the withdrawals.

Altcoin ETF flows showed a more mixed picture. HYPE ETFs brought in $3.40 million in net inflows. 21Shares’ THYP added $1.73 million, while Bitwise’s BHYP drew $1.68 million.

Solana ETFs also posted a small gain. They added $557,160, with all inflows going into VanEck’s VSOL. XRP ETFs recorded no trading activity, while net assets stayed at $1.12 billion.

The day’s crypto ETF flows showed clear pressure on bitcoin and ether products. HYPE and Solana funds drew some demand, but their inflows were smaller. Investors continued to reduce exposure in the largest crypto ETF categories.