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.
Imeripotiwa na AI Picha iliyoundwa na AI
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.
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.
Imeripotiwa na AI
U.S. spot bitcoin ETFs have seen nine straight days of net outflows, the longest such streak since the funds launched in January 2024. Investors withdrew about $2.8 billion over the period, with $1.3 billion exiting this week alone.
Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.
Imeripotiwa na AI
Bitcoin has dipped to 73,000 dollars even with continued ETF inflows and shrinking exchange reserves. The cryptocurrency lost momentum after reaching 83,000 dollars in May. Ethereum traded below 2,000 dollars under similar pressure.
Rising US Treasury yields reached 5.18 percent on May 20, pressuring Bitcoin prices below $80,000. Spot Bitcoin ETFs recorded net outflows of about 14,000 BTC in the latest week.
Imeripotiwa na AI
Bitcoin exchange-traded funds saw sharp outflows of $648.6 million in the days following a key Senate committee vote on cryptocurrency legislation. The reversal came despite the advance of the Digital Asset Market Clarity Act, which had offered a policy boost to the sector. Prices for the leading cryptocurrency fell from above $81,000 to around $77,200.