#TradingTypes101

🪙 Exchange-traded funds (ETFs) in Bitcoin experienced their largest outflows since February, amounting to $616.22 million on Friday.

🔸 This ended a streak of six consecutive weeks of inflows. The iShares Bitcoin Trust ETF (IBIT) from BlackRock and the Ark 21Shares Bitcoin ETF (ARKB) led these negative outflows amid escalating trade tensions between the United States and China.

🔸 This decline coincided with a drop in Bitcoin's price to $103,000, after reaching an all-time high of $112,000 a week ago. Weekly total outflows also rose to $157.4 million, marking the first week of net outflows since April 11, reflecting market volatility and the impact of global economic factors.

🔸 Despite these negative outflows, ETFs ended May with inflows of $5.23 billion, compared to $2.97 billion in April, indicating continued investor interest in the cryptocurrency despite recent challenges. Analysts believe these fluctuations may be part of an asset reallocation rather than a panic situation among investors.