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ETF Outflow Breaks Nine-Day Streak: BlackRock IBIT, Supply Shock & $80K
Audio is available on Spreaker — see link below.
Bitcoin ETFs snapped a nine-day, $2.7B inflow streak on May 6 with $268M in single-session outflows — and BlackRock's IBIT has now shed $2.1B in five weeks. Today's episode unpacks the ETF mechanics driving price structure, the derivatives divergence building underneath, and the key watchpoints for the next ten days.
Audio is available on Spreaker — see link below.
Nine days of inflows. Two point seven billion dollars moving into Bitcoin ETFs.
The institution-level data makes that clearer. BlackRock's IBIT, the flagship Bitcoin ETF, has lost two point one billion dollars in five weeks.
Here's the structural angle that most coverage misses. When Bitcoin ETF redemptions occur, the ETF issuer has to sell Bitcoin into the spot market to return cash to the redeeming investor.
There's a second structural tension building underneath this. Derivatives markets are showing high open interest and elevated funding rates, which means retail leverage is building.
The signal to track over the next five to ten days is straightforward. If outflows resume and build back toward the pace seen before the nine-day streak, the four point five billion dollar YTD trend reasserts itself as dominant.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.