Crypto Slides on Hormuz Airstrikes as Nearly $1B in Long Liquidations Pile Up

BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest daily outflow ever at $527.84 million on May 27. The broader U.S. Bitcoin spot ETF complex recorded $733.43 million in net outflows, pushing BlackRock’s Bitcoin holdings below 800,000 BTC and coinciding with declines in Bitcoin and Ethereum prices.
AI Analysis
The article reports a record outflow from IBIT and large net outflows across U.S. Bitcoin spot ETFs, alongside falling Bitcoin and Ethereum prices. These are direct, market-moving flow data that can influence short-term trading.