Last week marked a significant period for spot Bitcoin ETFs, with notable outflows amidst increasing economic uncertainty.
General Trends in the ETF Market
For the week ending from May 27-30, the 12 spot Bitcoin ETFs in the U.S. recorded $157.4 million in outflows, ending a six-week inflow streak that had attracted over $9 billion into the funds.
Major ETFs with Significant Outflows
The ARK 21Shares ARKB ETF was the hardest hit, with $281.9 million withdrawn by investors. Fidelity’s FBTC followed closely with $198.8 million in outflows. Grayscale’s GBTC and Bitwise’s BITB also faced losses of $134.4 million and $104.3 million, respectively, while smaller funds like Invesco’s BTCO and VanEck’s HODL saw additional outflows.
Bitcoin Market in the Macro-Economic Context
Despite outflows last week, May ended positively for Bitcoin ETFs, with net inflows totaling about $5.23 billion, a 75% increase compared to April. However, global risk factors like Donald Trump’s trade tariffs have left investors cautious. "This pullback is healthy, not signaling outright bearishness but more of a pause and consolidation," Himanshu Maradiya, founder and chairman of CIFDAQ, stated.
Investors continue to assess the market conditions for Bitcoin ETFs with caution, yet the substantial inflows in recent months indicate a sustained interest in cryptocurrencies.
