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BlackRock’s IBIT Snaps 31-Day Winning Streak With Largest Outflow Ever Amid Tariff Angst

  • BlackRock's iShares Bitcoin Trust (IBIT) experienced its largest single-day outflow of over $430 million on May 30, putting an end to its 31-day winning streak.
  • Investors pulled $430.8 million from BlackRock's spot Bitcoin ETF amidst escalating tensions between the U.S. and China over tariffs, marking the fund's biggest net outflow day since its launch.
  • The US-listed spot Bitcoin ETFs collectively saw net outflows of $616.1 million on May 30, influenced by global economic tensions that caused liquidations and price declines below key support levels.
  • Bitcoin's price volatility intensified following U.S. President Donald Trump's accusations against China for violating trade agreements and imposing new tariffs, sparking concerns of a potential trade war.

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