Bitcoin ETFs afta $1.42B wekly outflows as worst May don finish
US spot Bitcoin ETFs end May wit selling pressure wey worse. For the latest week, net outflows reach about $1.42B, dey extend one month bearish trend. Flows worse after Bitcoin no fit reclaim the ~ $82,000 resistance area and e roll over again.
By issuer, BlackRock’s IBIT lead withdrawals at -$966.42M. Fidelity’s FBTC (-$169.15M) and Grayscale’s GBTC (-$175.09M) also see big outflows, while Bitwise’s BITB record -$46.30M. Smaller products show around $20–30M outflows, and some funds report flat net flows.
Daily data from May 26–29 confirm the downtrend: net outflows were -$333.71M (Tue), -$733.43M (Wed), -$228.88M (Thu), and -$125.31M (Fri). Only 6 of 20 trading days in May close positive, and outflows happen every session in the second half, bringing total monthly net outflows to about $2.43B (2026’s biggest monthly outflow and the largest since Nov 2025).
Traders make note of the longer-term cushion: despite the drawdown, spot Bitcoin ETFs still get cumulative net inflows of about $55.66B since 2024, with total net assets around $94.17B (~6.38% of BTC market cap). As of writing, BTC trades near $74,012, and spot volume dey sharply lower.
Bearish
Dis na dey bearish for BTC for short term because Bitcoin ETFs dey show persistent net selling. Di article connect di big outflow to BTC no fit reclaim di ~US$82,000 resistance zone, wey dey raise di odds say ETF-driven liquidity go continue to pressure spot demand. Di second half of May pattern — outflows every session — dey suggest say traders dey de-risk instead of waiting for a dip.
But for long term e no too catastrophic: market still get large cumulative net inflows since di 2024 launch, wey fit help limit downside if outflows slow. Still, until spot Bitcoin ETF flows stabilize and BTC hold higher support, di path of least resistance remain downward or choppy, and ETF flow headlines go likely dominate near-term sentiment.