BLACKROCK'S BITCOIN ETF BREAKS 34-DAY STREAK WITH OUTFLOWS

Summary from the TLDR Crypto newsletter

BlackRock's IBIT spot Bitcoin ETF experienced $430 million in outflows on May 30, ending its 34-day inflow streak amid a 4% pullback in BTC from its all-time high. Overall, U.S. spot Bitcoin ETFs shed $616 million on Friday, marking their worst trading day since February. IBIT still controls roughly 80% of ETF trading volume with $69.2 billion in AUM, over three times Fidelity's FBTC at $20.8 billion, and 3.33% of all BTC in circulation versus FBTC's 1%.