Odaily News BlackRock's IBIT, the world's largest bitcoin spot ETF, saw $430 million in outflows on Friday, ending a 34-day streak of net inflows (three of which were zero inflows). During the same period, the overall net outflow of all bitcoin spot ETFs in the U.S. stock market reached $616 million, the largest single-day outflow since February 26, against the backdrop of a BTC price drop of about 4% in five days. Despite the outflows, IBIT's market dominance remains solid, with $69.2 billion in assets under management, about 3.3 times the second-place Fidelity's FBTC ($20.8 billion). As of now, IBIT accounts for 3.33% of the total circulation of bitcoin, far exceeding FBTC's 1%. Data shows that IBIT's share of trading volume in all bitcoin ETFs remains around 80%. Bloomberg ETF analyst Eric Balchunas pointed out that IBIT recently accounted for "more than 100%" of all fund inflows, indicating that the recent market is more driven by institutions than retail enthusiasm. Nate Geraci, president of ETF Store, commented: “In less than 17 months, IBIT’s assets are approaching $70 billion, which is incredible.” (The Block)