On May 29, American spot Bitcoin ETFs recorded a net outflow of $347 million for the first time in two weeks. This is the largest single-day outflow since March 11, when investors withdrew $396 million. The reason was a price drop $BTC of more than 2.7%, down to $105,010.
The largest losses among funds:
Fidelity (FBTC): –$166 million
Grayscale (GBTC): –$107.5 million
Ark, Bitwise, Invesco, Franklin, VanEck: moderate outflows
CoinShares, WisdomTree, Mini Grayscale: unchanged
The only inflow recorded in the IBIT fund from BlackRock: +$125 million, marking the 34th consecutive day of growth.
In contrast to Bitcoin, spot Ethereum ETFs showed an inflow of $92 million, continuing a positive trend for the 10th consecutive day. This data indicates a shift in investor interest towards Ethereum amid Bitcoin's volatility.
The cryptocurrency market remains dynamic, and institutional investors are closely monitoring price movements and regulatory changes.
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