Spot Bitcoin ETFs See Largest Outflows Since Late January, May Net Flows Turn Negative

Spot Bitcoin ETFs recorded their heaviest weekly net withdrawals since late January, with $1.26 billion leaving over the past five trading days. Monday accounted for nearly $650 million in outflows, and May’s month-to-date total has flipped to about -$1 billion. Bitcoin also slipped into negative territory for May, after printing a monthly low of $74,200 and trading below $75,500.