Quick Read – U.S. spot Bitcoin ETFs lost $635 million on May 13—the largest single-day outflow since January 29—with BlackRock’s IBIT leading at $284.69 million and the five-day cumulative damage reaching $1.26 billion across all 11 funds. – There were three key reasons for the…
tflows: April’s CPI came in at 3.8% on Tuesday, PPI surged to 6% on Wednesday (the highest since December 2022), and Kevin Warsh’s confirmation as Fed Chair in a 54-45 vote locked in a hawkish reading that pushed rate hike odds to roughly 39%. – Today’s CLARITY Act markup at 10:30 AM ET is the next binary event, with Polymarket pricing 73% odds of passage and Citi Group tying a $143,000 Bitcoin target directly to the bill clearing Congress. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
A few weeks ago, Bitcoin (CRYPTO: BTC) ETFs were the bull case. The funds pulled in $3.29 billion combined in March and April, marking the first sustained inflow streak of 2026. However, the streak snapped yesterday.
U.S. spot Bitcoin ETFs bled $635 million, recording their largest outflow since late January. The reversal wasn’t a one-off as there were three key factors that triggered the exodus. Here’s our review of what’s actually driving the outflows and the catalyst that could reverse them.