US spot Bitcoin ETFs experienced their largest weekly outflow in five months, shedding $1 billion and ending a six-week streak of inflows. The reversal comes as hotter inflation data prompted investors to reassess risk exposure.
US-listed Bitcoin ETFs lost roughly 14,000 BTC over the seven days through May 16, according to data from SoSoValue and CryptoSlate. The net withdrawal reversed approximately $3.4 billion in prior inflows and coincided with a 3 percent drop in Bitcoin's price to $78,074.
