U.S. spot Bitcoin (BTC) ETFs extended their recent reversal on May 18, posting a second consecutive session of net outflows as investors pulled capital from the sector’s largest products—led by BlackRock’s iShares Bitcoin Trust ($IBIT).
According to data compiled by SosoValue, U.S.-listed spot Bitcoin ETFs recorded total net outflows of $648.64 million on May 18 (U.S. Eastern Time). The sell-off intensified from May 15, when the group saw $290.42 million in net redemptions, suggesting that short-term positioning has shifted more defensively after a period of steady inflows.
Cumulative net… Read more
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