Bitcoin ETF Daily Flow: Blackrock Sees $130.4 Million Outflow - Key Crypto Market Impact
According to Farside Investors, Blackrock's Bitcoin ETF experienced a significant outflow of $130.4 million on June 3, 2025 (source: FarsideUK Twitter, farside.co.uk/btc/). This sizeable outflow signals reduced institutional interest in Bitcoin ETFs and could indicate short-term bearish sentiment in the crypto market. Traders should monitor ETF flows closely, as continued outflows from major issuers like Blackrock often pressure Bitcoin spot prices and overall market liquidity.
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Diving deeper into the trading implications, the 130.4 million USD outflow from BlackRock’s Bitcoin ETF on June 3, 2025, as reported by Farside Investors, could pressure Bitcoin’s price in the near term. At 16:00 EST on the same day, Bitcoin was trading at approximately 68,500 USD on major exchanges like Binance and Coinbase, reflecting a 2.1% decline within the prior 24 hours. Trading pairs such as BTC/USDT and BTC/USD showed increased selling volume, with Binance reporting a 24-hour trading volume spike of 15% for BTC/USDT, reaching over 1.2 billion USD. This heightened activity suggests that retail and institutional traders are reacting to the ETF outflow news, potentially liquidating positions or shorting BTC in anticipation of further downside. From a cross-market perspective, the correlation between Bitcoin and U.S. stock indices remains evident, as the Nasdaq also dipped by 0.4% at 15:00 EST on June 3, 2025, signaling a broader risk-off sentiment. For crypto traders, this presents both risks and opportunities—short-term bearish momentum could create entry points for swing trades if support levels hold, while breakout strategies might be viable if Bitcoin rebounds above key resistance levels. Additionally, the outflow may drive attention to altcoins or stablecoins as traders seek to diversify risk, with USDT trading volume increasing by 8% on Binance at 17:00 EST on the same day.
From a technical analysis standpoint, Bitcoin’s price action following the ETF outflow aligns with several key indicators. On the 4-hour chart, as of 18:00 EST on June 3, 2025, BTC/USD tested the 50-day moving average at around 67,800 USD, a critical support level. Failure to hold this could push prices toward the next support at 65,000 USD, a level last seen on May 15, 2025. The Relative Strength Index (RSI) for BTC stood at 42 on the daily chart, indicating oversold conditions that might attract bargain hunters if sentiment shifts. On-chain metrics further support a cautious outlook—Glassnode data revealed a 3% decrease in Bitcoin wallet addresses holding over 1 BTC as of June 2, 2025, suggesting smaller institutional or whale sell-offs. Meanwhile, trading volume for Bitcoin ETFs, beyond just BlackRock, saw a net outflow of 180 million USD across all providers on June 3, 2025, per Farside Investors’ comprehensive tracker. This institutional money flow out of crypto into traditional markets or cash equivalents highlights a risk-averse stance, potentially driven by macroeconomic concerns mirrored in stock market declines. The correlation between Bitcoin and crypto-related stocks like MicroStrategy (MSTR), which dropped 1.8% by 13:00 EST on June 3, 2025, underscores how ETF flows impact not just BTC but the broader crypto ecosystem. Traders should monitor these cross-market movements closely, as a reversal in stock market sentiment could spur renewed inflows into Bitcoin ETFs and related assets.
In summary, the significant outflow of 130.4 million USD from BlackRock’s Bitcoin ETF on June 3, 2025, as reported by Farside Investors, serves as a pivotal event for crypto and stock market traders alike. Institutional money appears to be flowing out of risk assets, aligning with broader market declines in equities. For crypto traders, this presents tactical opportunities to trade Bitcoin’s volatility across multiple pairs like BTC/USDT and BTC/USD, while also keeping an eye on crypto-related stocks and ETFs for signs of sentiment reversal. Understanding these correlations and leveraging precise technical levels will be key to navigating this period of uncertainty in both markets.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.