Bitcoin ETFs Bleed $733M in Largest Daily Outflow Since Jan. 29

Highlights:

• Bitcoin ETFs have extended their outflow streak to the eighth straight day. 
• BlackRock Bitcoin ETF (IBIT) led yesterday’s net outflow with losses worth over $500 million.
• Bitcoin’s price dips by 3.3% in the past 24 hours as the asset nears the $70,000 mark. 

Bitcoin exchange-traded funds (ETFs) recorded yet another net outflow, extending their losing streak. According to SosoValue, a renowned crypto ETF tracker, Bitcoin funds lost roughly $733.43 million on May 27, marking their eighth consecutive daily outflows. During this period, Bitcoin ETFs have lost over $1.8 billion, as withdrawals intensified among the funds’ investors.

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Of the 13 Bitcoin ETFs, only the Morgan Stanley Bitcoin ETF (MSBT) attracted inflows totaling approximately $4.29 million. Six other funds, including VanEck Bitcoin ETF (HODL), Invesco Bitcoin ETF (BTCO), Valkyrie Bitcoin ETF (BRR), and Franklin Bitcoin ETF (EZBC), were inactive, as the remaining six recorded outflows.

According to SoSoValue data, on May 27 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 733 million. The Bitcoin spot ETF with the largest single-day net inflow was Morgan Stanley’s MSBT, with USD 4.2941 million in net inflows. Ethereum spot ETFs recorded a… pic.twitter.com/hg64VdQMo0

— Wu Blockchain (@WuBlockchain) May 28, 2026

IBIT Records Massive Single-Day Outflow

BlackRock Bitcoin ETF (IBIT) and Grayscale Bitcoin ETF (GBTC) had the highest outflows. IBIT lost $527.84 million to mark its second-largest outflows after forfeiting $528.3 million on January 30. GBTC contributed $104.76 million to the overall net outflows recorded yesterday. 

Other Bitcoin ETFs that recorded net outflows were Fidelity Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), Ark & 21Shares Bitcoin ETF (ARKB), and Grayscale Mini Bitcoin ETF (BTC). These funds forfeited $60.3 million, $17.48 million, $17.39 million, and $9.94 million, respectively. 

As a result of the outflow, Bitcoin ETFs’ cumulative net inflow dropped from $56.75 billion to $56.02 billion. Total value traded also fell from $4.4 billion to $2 billion. In addition, the total net assets valuation reduced from $98.4 billion to $96.45 billion. The new net asset valuation now represents 6.4% of Bitcoin’s market capitalization. 

BTC’s Price Dips Closer to $70K as Bitcoin ETFs Continue to Bleed

At the time of press, the crypto market is down 3% over the past 24 hours. Market capitalization is $2.537 trillion, while trading volume is $107.481 billion. BTC’s dominance dropped slightly to 57.9% amid rising price pressure faced by the asset. Like the crypto market, Bitcoin’s price has also dropped by 3.3% in the last 24 hours. The asset is changing hands at approximately $73,273 with a market cap of roughly $1.47 trillion and a trading volume of about $44 billion. 

In the past week, month, and year, Bitcoin’s price has declined by roughly 5.1%, 4.4%, and 32.6%, respectively. These metrics underscore a persistent concern rather than a short-lived price dip. In addition, Bitcoin has dropped 41.9% below its all-time high (ATH) attained in October last year. 

JPMorgan Strategist Highlights Possible Reason for the Persistent Bitcoin ETF Outflows

In a research note on Thursday, JPMorgan strategist Nikolaos Panigirtzoglou stated that investors are gradually moving away from the “debasement trade” that pushed money into Bitcoin and gold earlier this year. According to Panigirtzoglou, many investors chose to invest in Bitcoin and gold because they believe these assets were safe from inflation, global tensions, and the impacts of rising government debt. 

In the published work, the strategist highlighted the recent outflows from both Bitcoin ETFs and gold ETFs as a sign that investors are gradually becoming less worried about these concerns. He noted that the shift in investment approach could also be attributed to the improving expectations around the US-Iran conflict. As fears around global tension appear to subside, investors may no longer see the need to convert their money into perceived safer assets like Bitcoin and gold.

Is the 'debasement trade' dead?

JPMorgan notes investors are moving on as both Gold and Bitcoin ETFs face 2 weeks of outflows.

With a strengthening USD and shifting macro tides, the massive flight to hard assets is grinding to a halt.

Time to rethink your portfolio? pic.twitter.com/68FlpyNOme

— geekopedia (@geekopediax) May 28, 2026

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