BlackRock, Inc. (NYSE: BLK) launched its spot U.S. exchange-traded fund (ETF) tied to Bitcoin (BTC) on Jan. 11, 2024.
It was a historic moment for the crypto industry as the launch demonstrated the growing faith of Wall Street in digital assets.
Several large players like Morgan Stanley (NYSE: MS) and Franklin Templeton (NYSE: BEN) have also launched Bitcoin ETFs by now.
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BlackRock’s IBIT logs second-largest daily outflow
It has been more than two years since then and the iconic fund has gone through its ups and downs.
BlackRock’s iShares Bitcoin Trust ETF (Nasdaq: IBIT) tracks the price of Bitcoin and gives investors indirect Bitcoin exposure.
The way Bitcoin hit the record high price of $126,080 on Oct. 6, 2025, IBIT’s price also hit the record high of $71.82 the same day.
The fund similarly mirrored Bitcoin’s downfall over the next months.
Bitcoin is currently trading 40% lower than its record high at $73,388.24. IBIT is also trading 40% lower than its record high and closed at $42.45 on May 27.
It also marked the second-worst day for the BlackRock fund as it logged $527.84 million in net daily outflow as per SoSoValue.
The fund saw a net daily outflow of $528.30 million on Jan. 30, its worst day ever.
As of May 27, IBIT has a cumulative net inflow of $64 billion and holds net assets worth $59.48 billion.
Collectively, there are 13 spot Bitcoin ETFs listed in the U.S. market which have a cumulative net inflow of $56 billion, and hold total net assets worth $96.45 billion as of May 27.
Related: Goldman Sachs files for first Bitcoin ETF
This story was originally published by TheStreet on May 28, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
