Bitcoin exchange-traded funds saw $635.2 million in outflows on May 14, the largest daily total since January. The move coincided with Bitcoin falling back below $80,000.
Inflation fears and uncertainty over Federal Reserve policy prompted the sharp reversal after weeks of steady institutional buying. IBIT accounted for the bulk of the withdrawals, according to market data.
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Bitcoin climbed above $82,000 on May 6, driven by reports of easing tensions between the United States and Iran. Oil prices fell sharply as President Donald Trump paused a military operation in the Strait of Hormuz. The move triggered more than $200 million in short liquidations.
Digital asset investment products saw $288 million in net outflows last week, marking the fifth consecutive week of losses. This brings cumulative outflows to $4 billion so far in the period. Trading volumes dropped to $17 billion, the lowest since July 2025.
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Crypto exchange-traded products recorded $858 million in inflows last week. The figure extends a six-week streak that has now reached $4.9 billion in total.
Bitcoin approached $79,000 as markets eyed the highest weekly close since late January. Traders highlighted strong ETF inflows amid US-Iran tensions, though some warned of potential liquidity traps. The cryptocurrency recovered earlier weekly losses by Sunday.
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Bitcoin surged above $80,000 for the first time since January during early Asian trading on May 4, 2026, reaching highs around $80,600. The cryptocurrency later pulled back to around $79,000 following reports of an Iranian missile strike on a U.S. warship, which the U.S. denied. Geopolitical risks near the Strait of Hormuz overshadowed strong ETF inflows supporting the rally.