BlackRock's IBIT Bitcoin Spot ETF's record of 34 consecutive days of net inflows ends, with a single-day outflow of $430 million.

[BlackRock's IBIT Bitcoin Spot ETF ends record of 34 consecutive days of net inflow, with a single-day outflow of $430 million] BlackRock's IBIT is the world's largest Bitcoin Spot ETF, which experienced an outflow of $430 million on Friday, ending the previous record of 34 consecutive days of net inflow (of which 3 days had zero inflow). During the same period, the total net outflow of all Bitcoin Spot ETFs in the US stock market reached $616 million, marking the largest single-day outflow since February 26, against the backdrop of BTC price falling about 4% over five days. Despite the outflow of funds, IBIT's market dominance remains solid, with assets under management reaching 69.2 billion USD, about 3.3 times that of the second place Fidelity's FBTC (20.8 billion USD). As of now, IBIT accounts for 3.33% of the total circulating Bitcoin supply, far exceeding FBTC's 1%. Data shows that IBIT's trading volume accounts for about 80% of all Bitcoin ETFs. Bloomberg ETF analyst Eric Balchunas pointed out that IBIT recently accounted for "over 100%" of all fund inflows, indicating that the recent market is more driven by institutions rather than retail enthusiasm. ETF Store president Nate Geraci commented, "In less than 17 months, IBIT assets are approaching 70 billion dollars, it’s simply incredible."