Spot Bitcoin ETFs recorded net outflows of over $1.5 billion in a week, signaling waning investor interest amid a 12% drop in BTC this year.
Bitcoin fell to $77,000 in Tuesday trading, down 12% year-to-date, as spot Bitcoin ETFs experienced net outflows exceeding $1.5 billion between May 15 and May 22. The outflows mark a continued trend of investors shifting away from the cryptocurrency amid broader market uncertainty.
Standard Chartered had previously forecast BTC could reach $150,000 in 2026, but optimism has faded as the asset failed to act as a safe haven. Bitcoin’s performance mirrored the S&P 500’s declines earlier this year, undermining its appeal as a hedge during volatility.
The persistent outflows suggest investor sentiment remains cautious, with capital potentially moving toward alternative assets or traditional safe havens like gold.