U.S. spot Bitcoin (BTC) exchange-traded funds saw a sharp bout of ‘liquidity outflow’ last week, underscoring how quickly institutional positioning can shift as macro risks and on-chain supply signals converge.
Data compiled by SoSoValue shows U.S. spot Bitcoin ETFs recorded net outflows of $1.257 billion over the May 18–22 period (U.S. Eastern Time). BlackRock’s iShares Bitcoin Trust ($IBIT) accounted for the largest share with $1.008 billion in net redemptions, followed by Fidelity Wise Origin Bitcoin Fund ($FBTC) with $112 million in outflows. Morgan Stanley’s MSBT, by contrast, posted a… Read more







