CoinDesk, May 28: 1. BlackRock’s Bitcoin ETF recorded a single-day net outflow of 7,048 BTC, the largest since its inception; 2. Total net outflow from Bitcoin ETFs reached $7.334 billion, with BlackRock’s IBIT accounting for $5.2782 billion; 3. BTC OG insider whales’ long positions have seen unrealized losses expand to $3.1 million; 4. The U.S. CFTC has requested to withdraw its settlement agreement with Gemini; 5. Michael Saylor: Has purchased $1.1 billion in BTC this year and expects to acquire miner output at a 2-3x faster rate; 6. United Texas Bank has been approved to convert into a national bank and will launch digital asset custody services; 7. A Florida IT employee has been charged with stealing $1.9 million in Bitcoin; 8. International investigation reveals major crypto companies are providing liquidity support to ATM operators; 9. AAVE founder Stani Kulechov refutes claims that DeFi is insecure; 10. Aztec Labs has acquired zkpassport and will keep it open-source.
Blackstone Bitcoin ETF records largest single-day net outflow of 7,048 BTC
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Summary
Bitcoin ETF news: Blackstone’s Bitcoin ETF recorded a net outflow of 7,048 BTC on May 28, the largest single-day outflow since its launch. Total Bitcoin ETF outflows reached $733.40 million, with Blackstone’s IBIT accounting for $527.82 million. Bitcoin news highlights continued volatility in institutional flows.
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