U.S. Spot Bitcoin ETFs See Fifth Straight Outflow Day Amid IBIT Selling Pressure
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U.S. spot Bitcoin ETFs recorded a fifth straight day of net outflows totalling $100.81 million on May 21, driven mainly by $103.64 million in withdrawals from BlackRock’s IBIT while ARK’s ARKB saw a $2.83 million inflow. The sustained ETF selling, combined with a Senate crypto bill advancing amid banks and law enforcement concerns, raises regulatory and market risk for crypto adoption and short-term Bitcoin price pressure.
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- U.S. spot Bitcoin ETFs posted $100.81 million in outflows for a fifth straight trading day.
- BlackRock’s IBIT led ETF alone contributed $103.64 million in net withdrawals on May 21.
- Senate crypto bill advanced in committee as banks and law enforcement raised concerns.
U.S. spot Bitcoin exchange-traded funds recorded a fifth consecutive day of net outflows, with investors pulling approximately $100.81 million from the products. The losses were largely driven by selling pressure in BlackRock’s iShares Bitcoin Trust (IBIT).
The figures showed IBIT registered net outflows of $103.65 million during the trading session, accounting for nearly all of the day’s losses across the sector. Ark Invest’s ARKB fund reported a smaller net inflow of $2.83 million, while other major spot Bitcoin ETFs saw little to no net inflows.
The withdrawals came as Bitcoin struggled …
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