BITCOIN ETF OUTFLOWS REACH $1.47 BILLION - WORST WEEK SINCE JANUARY
Digital asset ETPs saw $1.47 billion in outflows last week, including $1.32 billion from bitcoin funds and $1.26 billion from the 11 U.S. spot bitcoin ETFs. This follows the prior week's roughly $1 billion exit, marking two consecutive weeks of significant institutional selling .
THE DAMAGE SO FAR: Since May 15, cumulative outflows from spot Bitcoin ETFs have reached approximately $2.8 billion. Bitcoin ended May down 4% after starting near $82,000, and the market is still dealing with the aftermath of the move to a six-week low near $72,600 .
A GLIMMER OF HOPE: Bulls can point to one supportive sign: Bitcoin held above $77,000 even as the market absorbed $1.26 billion in ETF outflows, suggesting some demand held up when pressure peaked. However, bears have the stronger case, as the market still tagged fresh lows while ETF flows kept weakening, and crypto stayed soft even as stocks pushed toward highs in AI-led trades .
ETH ETF DIVERGENCE: Interestingly, Ethereum ETFs saw a small net inflow of $1.5 million on May 29, while Bitcoin ETFs continued their outflow streak with $25.2 million leaving. This divergence suggests some institutional capital is rotating from BTC into ETH at current levels .