BlackRock’s IBIT Suffers Epic Meltdown: Investors Say “Bye-Bye” with $430 Million 🚀💸
In a plot twist that even a Hollywood screenwriter would envy, BlackRock’s shiny new crypto darling, the iShares Bitcoin Trust (IBIT), decided to throw a tantrum on May 30th. Investors yanked out a staggering $430.8 million faster than you can say “losses.”
That’s right! The 31-day inflow fiesta ended with a big “oops,” and it’s been over seven weeks since anyone cheerfully handed their money over. Time to face the music, folks! 🎶🙄
BlackRock’s IBIT Still Keeps Its Cool—Mostly
Before this dramatic exit, IBIT raked in a whopping $6.5 billion in May—making it the Beyoncé of ETFs since its debut in January 2024. Oh, the glamour! 💃🤑
In just 18 months, our hero managed to leap into the top 25 US-listed ETFs—a feat so extraordinary, it’s practically a legend (or a fairytale from mom’s bedtime stories). And it’s still in the top five ETFs for inflows this year, because why not?
IBIT hits new monthly record for inflows…
Nearly $6.5 billion in May.
It has been putting money in for 31 out of the past 32 trading days.
via @sidcoins
— Nate Geraci (@NateGeraci) May 30, 2025
ETF Store president Nate Geraci summed it up nicely: “This fund has been the toast of the town—bullish or bearish, it keeps attracting chompers like a magnet. Truly unstoppable—except on May 30th, where it decided to take a little nap.”
“What a run over the past 30+ days though. IBIT now pushing $70 billion in assets < less than 17 months since launch. Not sure I have words to describe how ridiculous this is,” Geraci said, probably while sipping a mojito.
Industry insiders say the secret sauce is institutional investors losing their minds over Bitcoin’s potential. Definitely not your grandma’s penny stocks! 🎩💥
Bloomberg ETF analyst Eric Balchunas chimed in, revealing that IBIT has recently gulped down over 100% of Bitcoin ETF inflows—talk about hogging the buffet! This is a fancy way of saying “everyone else was left out.” The usual 70% market share? Pfft, gone! Now it’s over 100%, because apparently, the big bosses are now buying Bitcoin like it’s going out of style.
The IBIT vs Everyone Else flow disparity is interesting. Normally IBIT takes in 70% of the net inflows but lately it’s over 100%. My theory: the latest rally was more an institutional buying spree than retail (perhaps sparked by the decoupling and lessened vol).
— Eric Balchunas (@EricBalchunas) May 31, 2025
As inflation balloons and economic chaos reigns, smart money smartly shifts toward digital assets. Even governments and big corporations are considering Bitcoin as their new secret weapon—like Batman’s Bat-Signal, but for wallets. 🦇💼
Bitcoin, the rebellious crypto, is now the superhero of hedges, saving investors from the dreadful fiat sea. Prices spiked past $111,000 in May— talk about a rollercoaster for your portfolio! 🎢💰
But hold onto your hats—the crypto rollercoaster took a slight dip back to roughly $105,000 over the past week. Better hold on; the ride’s not over yet!
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2025-06-01 16:01