The record outflow from Bitcoin ETFs highlights growing investor caution and a shift in institutional strategies amid global economic uncertainty. Bitcoin ETFs see record $2.8B outflow amid macro uncertainty.
A closely-watched bitcoin bull has outlined how U.S.
Bitcoin's correction has intensified pressure on holders as demand and supply remain locked in a key battle.
Spot Bitcoin (CRYPTO: BTC) ETFs have recorded nine consecutive days of net outflows, the longest withdrawal streak since launch in January 2024, pulling roughly $2.8 billion from the complex. Three Consecutive Weeks Of Outflows, $2.3B Gone In May Alone This week alone has seen $1.3 billion exit the funds, extending a three-week outflow streak.
Cooling demand for Bitcoin ETFs adds to declining accumulation by whales, underscoring a trying time for the crypto market.
Strategy pioneered the corporate Bitcoin treasury model in 2020, helping turn company balance sheets into a nearly $100 billion source of Bitcoin demand.
US spot Bitcoin ETFs have just recorded their ninth consecutive session of net outflows, with 228 million dollars withdrawn in a single day. This unusual series revives questions about the strength of institutional demand, as bitcoin tries to maintain its momentum.
Bitcoin slid to its lowest level since early April after failing above $83,000, while S&P 500 and Nasdaq 100 futures neared records. Ether briefly fell to $1,965 before recovering above $2,000, as BTC open interest reached $20.05 billion and options traders bought more downside protection.
The state of Texas is advancing plans to convert its Strategic Bitcoin Reserve from exchange-traded fund holdings into directly managed cryptocurrency assets. Officials have initiated a formal procurement process to identify qualified custody and liquidity service providers.
Bitcoin BTC$73,547.94 is stabilizing near $73,500, about 10% below its monthly high of $81,000. Data suggests the stall reflects a shortage of new buyers rather than a plethora of sellers.
The BEA's April PCE print showed headline inflation at 3.8% year over year and core at 3.3%, broadly matching economist expectations and removing the risk of a fresh macro shock, leaving Bitcoin in the fragile middle ground it has occupied since losing $75,000, where macro panic has cooled.
Texas is seeking a custodian to move its $10M Bitcoin reserve from BlackRock's IBIT ETF into direct BTC holdings within 60 days.