U.S. Bitcoin ETFs Record $1.42B Weekly Outflow in Third Consecutive Heavy Redemption Week

BTC-2.89%
According to BRN and CoinShares, U.S. spot bitcoin (BTC) exchange-traded funds shed $1.42 billion in the week ending May 29, marking the third-highest weekly outflow on record for that product segment, while global crypto ETFs recorded $1.67 billion in outflows—the second-largest weekly redemption of 2026. The Block reported that onchain demand has deteriorated significantly, with roughly 8.33 million BTC now held at a loss and whale wallets that accumulated near $78,000 beginning to distribute into rebounds. Bitcoin was trading near $72,000 on Monday as investors grapple with mounting institutional disinterest and elevated U.S. Treasury yields in the 4.45%–4.47% range.
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