Spot Bitcoin ETFs Log $649M in Net Outflows, Largest Since January 29

BTC-0.23%
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ARK0.18%

According to SoSoValue, U.S. spot bitcoin ETFs logged $648.6 million in net outflows on Monday (May 18), marking their largest single-day decline since January 29. BlackRock's IBIT fund led outflows with $448.3 million, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million.

Zeus Research analyst Dominick John attributed the outflows to institutional risk-off positioning amid higher U.S. Treasury yields and macro uncertainty. According to John, investors are treating ETFs as liquidity tools while remaining on the sidelines until market clarity emerges.

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