Spot Bitcoin ETFs recorded $1 billion in weekly outflows, ending a six-week run of net inflows, according to data released this week. The figure marks the first time since early April that investors pulled more money out than they put in.
The Numbers
The outflow total hit $1 billion for the week ending May 15. That's a sharp turn from the previous weeks, which saw steady inflows. The exact breakdown by fund wasn't immediately available, but the aggregate figure signals a shift in appetite.
Breaking the Streak
The six-week inflow streak was the longest since the ETFs launched. It had built up a cumulative inflow of several billion dollars. Now that run is over. The timing isn't great for bulls who were hoping for an uninterrupted summer rally.
It's unclear if this is a one-off pullback or the start of a longer trend. Next week's flow data will give a clearer picture. Traders and fund managers will be watching closely—another big outflow number could rattle sentiment further.
