Spot Bitcoin ETFs in the US saw their largest single-day net outflows of $635 million on May 13, driven by BlackRock’s IBIT.
U.S. spot Bitcoin exchange-traded funds recorded net outflows of $635 million on May 13, marking one of the largest single-day declines this year. BlackRock’s IBIT led the outflows with $285 million in net redemptions, the highest among all funds tracked.
The outflows follow a period of mixed inflows and outflows in the sector, with prior sessions showing modest gains. Spot Ethereum ETFs also experienced net outflows of $36.30 million, with BlackRock’s ETHA contributing $21.10 million to the decline.
The data reflects shifting investor sentiment amid broader market volatility and regulatory uncertainty in the cryptocurrency space.