Spot Bitcoin ETFs Record $1 Billion Outflow as Six-Week Inflow Streak Ends

Spot Bitcoin exchange traded funds (ETFs) saw nearly $1 billion in net outflows during the week ending May 16, bringing an end to a six week inflow streak that had added around $3.4 billion to the market. The sharp reversal reflects changing investor sentiment as capital moved toward artificial intelligence stocks and broader macroeconomic uncertainty weighed on crypto markets.

The week opened with modest optimism after Bitcoin ETFs attracted $27.29 million in inflows on Monday according to data from SoSoValue. However, investor mood quickly shifted. Tuesday recorded $233.25 million in withdrawals, followed by the largest daily outflow of the week on Wednesday at $635.23 million.

Capital Rotation Hits Crypto Funds

A short recovery appeared on Thursday with inflows of $131.31 million, but the rebound faded after Friday logged another $290.42 million in outflows.

Despite the weekly setback, total net assets across spot Bitcoin ETFs remain at $104.29 billion, while cumulative inflows stand at $58.34 billion.

Meanwhile, spot Ether ETFs also struggled, posting outflows for five consecutive trading days, losing a combined $254.46 million as investors remained cautious across digital asset markets.

$BTC is trading around $78k according to Blockto market data.