Bitcoin ETFs Experience Over $1.25 Billion in Outflows Last Week

Institutional investors withdrew approximately $1.256 billion from U.S. spot Bitcoin ETFs.

The outflows affected 11 funds during the week of May 18 to May 22.

This movement marked six consecutive days of net outflows.

The reversal follows strong performance in April and early May.

Federal Reserve comments cooled expectations for near-term rate cuts, renewing macroeconomic caution.

Selling pressure remained consistent throughout the week.

The heaviest single-day exit occurred on Monday, May 18, totaling $648.64 million.

BlackRock and Fidelity ETFs experienced significant redemptions.

Grayscale's GBTC recorded minimal or zero movement on several days.

However, GBTC continues to contribute to the sector's long-term net outflows.