Spot Bitcoin ETFs extend outflow streak as investors pull $101 million, while Ethereum ETFs see ninth consecutive day of withdrawals.
Spot Bitcoin exchange-traded funds recorded net outflows of $101 million on May 21, marking the fifth consecutive day of withdrawals. The outflows reflect persistent selling pressure in the cryptocurrency market amid broader macroeconomic uncertainty.
Ethereum ETFs saw net outflows of $32.577 million, extending their outflow streak to nine days. In contrast, SOL ETFs posted net inflows of $3.8569 million, breaking a trend of recent declines. The divergence highlights shifting investor sentiment across major digital assets.
The outflows come as cryptocurrency markets remain volatile, with traders closely monitoring regulatory developments and macroeconomic indicators for directional cues.