Bitcoin spot ETFs saw nearly $1 billion in outflows over May 18-19 as Treasury yields rose and Federal Reserve rate-hike odds increased, ending a six-week inflow streak.
U.S. spot Bitcoin ETFs recorded $648.6 million in outflows on May 18 and $331.1 million on May 19, according to Farside Investors. CoinShares data showed Bitcoin products accounted for $982 million of more than $1 billion in total digital-asset outflows for the week ended May 19—the first negative week in seven weeks. This follows the prior week’s $1 billion outflow reported through May 16.