In the last week of May, Bitcoin Spot ETFs experienced significant net outflows totaling $1.42 billion, continuing a downward trend that has characterized the month. This decline closely mirrors Bitcoin’s own performance as the cryptocurrency struggled to surpass the critical resistance level of $82,000, ultimately leading to another downward correction.
Growing Outflows from Bitcoin ETFs in Late May
Examining the performance of specific funds reveals that larger issuers faced the bulk of the outflows. Data from SoSoValue indicates that BlackRock’s IBIT led the charge with a staggering withdrawal amounting to $966.42 million.
Following IBIT, other notable funds, such as Fidelity’s FBTC and Grayscale’s GBTC, recorded substantial outflows of $169.15 million and $175.09 million, respectively. Bitwise’s BITB also saw an outflow of $46.30 million, while several mid-sized funds including Grayscale’s BTC and ARK Invest/21Shares’ ARKB reported smaller outflows ranging between $20 million and $30 million.
Minor net outflows were also present in Valkyrie Investments’ BRRR, which saw a withdrawal of $5.59 million, while Morgan Stanley reported a minimal outflow of around $966,650. Some funds, such as VanEck’s HODL, Invesco’s BTCO, Franklin Templeton’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI, noted no significant net flows, reflecting a period of inactivity in both buying and selling strategies.
The daily flow statistics underline a persistently bearish trend, with withdrawals outpacing deposits at a steady rate. Between May 26 and May 29, Bitcoin Spot ETFs observed net outflows, detailing $333.71 million on Tuesday, $733.43 million on Wednesday, $228.88 million on Thursday, and $125.31 million on Friday.
This overall downturn reflects a month marked by weakness, as only six out of twenty trading days in May reported positive flows. A total of fourteen days ended negatively. Notably, every trading day in the latter half of the month experienced outflows, culminating in a severe total negative flow balance of $2.43 billion, the highest for any month in 2026 and the largest since November 2025.
Despite the recent outflows, the Bitcoin Spot ETF market holds a robust position, with cumulative net inflows of $55.66 billion since their introduction in 2024. The total net assets amount to $94.17 billion, representing about 6.38% of the Bitcoin market capitalization.
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Current Bitcoin Price Trends
As of the current reporting, Bitcoin is trading at $74,012, showing a slight increase of 1.07% over the last day. However, daily trading volume has decreased significantly by 47.55%, now valued at $18.12 billion.
