According to SoSoValue data, on May 26, Bitcoin spot ETFs recorded total net outflows of $334 million, marking the seventh consecutive day of net outflows. On the same day, Bloomberg ETF analyst Eric Balchunas confirmed on X that BlackRock’s IBIT completed a single large transaction of 29,212,864 shares, worth approximately $1.26 billion.
Confirmed Data for May 26: Bitcoin and Ethereum Spot ETFs
For Bitcoin spot ETFs, BlackRock’s IBIT saw a daily net outflow of $192 million, bringing IBIT’s historical cumulative total net inflows down to $64.581 billion; Fidelity’s FBTC recorded a daily net outflow of $57.7364 million, with its historical total net inflows currently at $10.706 billion. As of the time of reporting, total net asset value (AUM) for Bitcoin spot ETFs was $98.397 billion; the net assets of the ETFs accounted for 6.45% of Bitcoin’s total market cap; and historical cumulative net inflows reached $56.750 billion.
For Ethereum spot ETFs, Fidelity’s FETH recorded a daily net outflow of $17.0126 million, with its historical cumulative total net inflows currently at $2.159 billion; Grayscale’s Ethereum mini trust ETF (ticker: ETH) recorded a daily net outflow of $8.2638 million, with historical total net inflows at $1.909 billion. Total AUM for Ethereum spot ETFs was $11.789 billion; ETF net assets accounted for 4.7% of Ethereum’s total market cap; and historical cumulative net inflows were $11.581 billion.
$1.26 Billion Single Transaction for IBIT: Eric Balchunas’ Confirmed Statement
On May 26, Bloomberg ETF analyst Eric Balchunas posted on X to confirm that at 10:30 a.m., IBIT executed a transaction of 29,212,864 shares at a price of $43.16 per share. Based on the execution records, the transaction value was approximately $1.26 billion—more than dozens of times the scale of other transactions that day (ranging from 48,000 to 926,000 shares). Balchunas wrote: “Confirmed… since the price stayed unchanged today, the market digested the transaction well.” IBIT’s closing price on the day showed no significant change, and the liquidity performance absorbing large-scale selling was confirmed by Bloomberg’s analyst.
FAQ
May 26 marked seven consecutive days of net outflows—what were the specific figures in the days before?
Based on tracking data from Farside Investors and SoSoValue, on May 21 Bitcoin spot ETFs had net outflows of $103.7 million, and on May 22 net outflows were $105.2 million (IBIT contributed $68.9 million on that day). After that, net outflows continued to be recorded every day, reaching a seventh consecutive day by May 26.
Does IBIT’s $1.26 billion single transaction represent a buy or a sell, and what impact does it have on the market?
Balchunas’ confirmation post indicates the transaction was a large sell. However, the market subsequently absorbed the selling pressure, and IBIT’s closing price did not fall significantly on the day. Balchunas assessed that this transaction had limited impact on ETF secondary-market pricing.
With historical cumulative net inflows still at $56.750 billion, does that mean overall capital conditions remain positive?
As of May 26, Bitcoin spot ETFs had historical cumulative net inflows of $56.750 billion, with total AUM of $98.397 billion. Seven consecutive days of net outflows indicate recent short-term capital flow trends rather than a reversal of historical overall holdings; determining the long-term trend requires looking at more comprehensive time-period data.
