Bitcoin · Bitcoin ETF · Bitcoinist
Bitcoin ETFs Post $1.42 billion Weekly Outflows To Close May Bloodbath
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US Bitcoin Spot ETFs reported net outflows of $1.42 billion in the final week of May, extending the persistent negative trend observed throughout most of the month.
Key facts
- Meanwhile, minor net outflows of $5.59 million were observed in Valkyrie Investments’ BRRR, while Morgan Stanley posted a negligible withdrawal of around $966,650
- Behind the market leader, Fidelity’s FBTC and Grayscale’s GBTC also registered significant capital flight, posting net outflows of $169.15 million and $175.09 million, respectively
- Nevertheless, the Bitcoin Spot ETFs market remains in a strong, resilient position, with cumulative net inflows of $55.66 billion since their launch in 2024
- This pattern reflects a broader monthly weakness as only 6 of 20 trading days in May recorded positive flows, while 14 closed in the red
Summary
In analyzing the individual fund performances over the week, it is observed, in typical fashion, that selling pressure was concentrated among the largest issuers. Behind the market leader, Fidelity’s FBTC and Grayscale’s GBTC also registered significant capital flight, posting net outflows of $169.15 million and $175.09 million, respectively. Meanwhile, minor net outflows of $5.59 million were observed in Valkyrie Investments’ BRRR, while Morgan Stanley posted a negligible withdrawal of around $966,650. From a daily flow perspective, the situation appears strongly bearish, with withdrawals consistently outpacing deposits.