Bitcoin ETFs See Largest Outflows Since January as May Turns Red
Bitcoin’s recent price collapse is not an isolated event. Beyond broader macroeconomic and on-chain pressures, exchange-traded funds (ETFs) that track Bitcoin experienced their largest weekly outflows since late January. Data from SoSoValue indicates that May has turned negative after two consecutive weeks of substantial withdrawals. Over $1.25B Withdrawn Spot Bitcoin ETFs had been on an … Read more