Spot Bitcoin ETFs saw net outflows of $1.26B last week amid macro uncertainty and bond market volatility.
Spot Bitcoin ETFs recorded $1.26B in net outflows between May 18 and May 22, marking one of the largest weekly declines this year. The sell-off coincided with Bitcoin (BTC-USD) briefly trading near $75K as investors reacted to rising macroeconomic uncertainty and stress in bond markets.
Prior to this week, Bitcoin ETFs had seen mixed flows, with inflows dominating earlier in May. The $1.26B outflow contrasts with the $1B inflow recorded in the first week of the month, reflecting shifting sentiment as bond yields climbed and risk assets faced pressure.
The outflows included a $1B exit from BlackRock’s fund, signaling a rotation among institutional investors rather than outright liquidation. Market participants are closely watching whether the trend reverses as macro conditions stabilize.