🪙 Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since February, totaling $616.22 million on Friday

🔸 This ended a six-week streak of consecutive inflows. The negative outflows were led by BlackRock's iShares Bitcoin Trust ETF (IBIT) and Ark 21Shares Bitcoin ETF (ARKB), amid rising trade tensions between the United States and China

🔸 This decline coincided with the price of Bitcoin dropping 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 sustained investor interest in cryptocurrency despite recent challenges. Analysts believe that this volatility may be part of an asset reallocation rather than a panic among investors.