U.S. Spot Bitcoin ETFs See $1.26B Net Outflows This Week, Largest Since January

According to analysis cited by ChainCatcher, U.S. spot Bitcoin ETFs saw net outflows of $1.26 billion this week as of May 23, marking the largest weekly outflow since January. The previous week also recorded outflows of approximately $1 billion, bringing the two-week cumulative net outflow to over $2.26 billion.

The outflows coincide with a rise in U.S. Treasury and global bond yields, which is reducing market appetite for high-risk, non-yielding assets like Bitcoin. Bitcoin declined over 3% in the past 24 hours and is down approximately 10% from its May 6 peak of around $82,500, amid broader sentiment shifts toward commodity markets driven by geopolitical tensions affecting oil supply concerns.