Bitcoin ETF

Bitcoin

Spot

Spot BTC exchange-traded funds shed more than $733 million on Wednesday, their heaviest single-day exit since late January, as Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a> slid <a href="https://yellow.com/news/bitcoin-slides-75k-wall-street-rewards-miners" rel="noopener noreferrer nofollow">under $73,000</a>.
<blockquote>
 <h2 id="key-points">Key Points:</h2>
 <ul>
 <li>U.S. spot Bitcoin ETFs lost $733.4 million on Wednesday, the largest daily outflow since Jan. 29.</li>
 <li>BlackRock's IBIT posted $527.8 million in redemptions, its second-biggest day on record.</li>
 <li>Bitcoin fell roughly 3.6% over 24 hours, with Ethereum, XRP and Solana all dropping.</li>
 </ul>
</blockquote>
<h2 id="bitcoin-drops-below-73k">Bitcoin Drops Below $73K</h2>
The largest cryptocurrency <a href="https://www.theblock.co/post/402816/bitcoin-falls-below-73000" rel="noopener noreferrer nofollow">traded</a> near $72,800 early Thursday, down about 3.6% over 24 hours.
Ether<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">(ETH)</a> fell 4.8% to around $1,974. XRP<a href="https://yellow.com/asset/xrp" rel="noopener noreferrer nofollow">(XRP)</a> lost 3.5%, and Solana<a href="https://yellow.com/asset/sol" rel="noopener noreferrer nofollow">(SOL)</a> declined 3.6%.
The 11 U.S. spot funds together <a href="https://en.cryptonomist.ch/2026/05/28/blackrock-bitcoin-etf-outflows-527m/" rel="noopener noreferrer nofollow">bled</a> $733.4 million, extending a streak that has pulled more than $2 billion from the products over two weeks.
BlackRock's IBIT accounted for $527.8 million of that, missing its January record by roughly $500,000. Grayscale's GBTC and funds from Fidelity, Bitwise and Ark also posted negative flows. Only Morgan Stanley's MSBT drew money in.
Also Read:<a href="https://yellow.com/news/bitcoin-bull-signal-wall-street-short" rel="noopener noreferrer nofollow">Bitcoin May Become A Liquidity Magnet As Stock Shorts Hit Records</a>
<h2 id="analysts-eye-70k-support">Analysts Eye $70K Support</h2>
Nick Ruck, director at LVRG Research, <a href="https://www.theblock.co/post/401780/spot-bitcoin-etf-649-million-outflows" rel="noopener noreferrer nofollow">tied</a> the slide to profit-taking after recent highs, rising Treasury yields and macro caution around geopolitical headlines.
Dominick John, an analyst at Zeus Research, said capital is rotating into traditional equities while heavy derivatives liquidations deepened the drop once key levels broke.
He added that broader uncertainty kept traders defensive and limited dip-buying. John also linked Wednesday's IBIT exit partly to a $1.29 billion dark-pool block trade the prior day.
Peter Chung, head of research at Presto Research, <a href="https://en.cryptonomist.ch/2026/05/27/blackrock-ibit-bitcoin-outflows/" rel="noopener noreferrer nofollow">called</a> Bitcoin's behavior since mid-May peculiar, noting it has underperformed the S&amp;P 500 and Nasdaq. Ruck flagged the $70,000 zone as the level traders are now watching.
<h2 id="etf-flows-turn-negative">ETF Flows Turn Negative</h2>
The reversal marks a sharp change for a product class that spent months acting as a steady source of demand. May saw spot funds shift from accumulation to distribution.
The pressure built alongside macro strain, with the 30-year Treasury yield touching 5.197% in May, its highest since 2007. Earlier this year, IBIT logged $888 million in inflows across the first three trading days of 2026, underscoring how quickly sentiment soured before the current outflow run took hold.
Read Next:<a href="https://yellow.com/news/xrp-loses-support-eyes-131-drop" rel="noopener noreferrer nofollow">XRP Loses Key Support, Now Eyes A Drop Toward $1.31</a>

BlackRock's Bitcoin ETF IBIT Sheds $528M, Its Second-Worst Day Ever

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