BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.
The United States’ spot Bitcoin (BTC) exchange-traded funds (ETF) have posted record net outflows with BlackRock’s iShares Bitcoin Trust (IBIT) also seeing its first-ever outflow day.
BlackRock’s Bitcoin fund saw $36.6 million flow out on May 1, according to HODL15 Capital.
Nine other Bitcoin ETFs saw a combined $526.8 million in outflows — the Hashdex Bitcoin ETF (DEFI) was the only one with zero flows, per preliminary Farside Investors data.