US Bitcoin spot ETFs recorded net outflows of $1.42 billion in the final week of May, extending the persistent negative trend seen for most of the month. The bearish performance of these investment funds aligns with Bitcoin’s price struggles, when the leading cryptocurrency failed to overcome the key resistance of $82,000 around May before falling into another correction.
Bitcoin ETFs See Lingering Red Through Second Half of May
When analyzing the profitability of each of the funds throughout the week, it is observed, as usual, that the selling pressure was concentrated among the largest issuers. According SoSoValue dataBlackRock’s IBIT led outflows by a wide margin, with withdrawals outpacing deposits by $966.42 million.
Behind the market leader, Fidelity’s FBTC and Grayscale’s GBTC also recorded significant capital flight, recording net outflows of $169.15 million and $175.09 million, respectively. bit by bit BITB also recorded moderate net outflows of $46.30 million, while other mid-tier funds, such as Grayscale’s BTC secondary product and ARK Invest/21Shares’ ARKB, recorded smaller but negative flow balances in the range of $20 million to $30 million.
Meanwhile, lower net outflows of $5.59 million were observed in Valkyrie Investments BRRR, while Morgan Stanley recorded a negligible withdrawal of around $966,650. On the other hand, several issuers, including VanEck’s hodl, Invesco BTCO, Franklin Templeton EZBC, Tree of Wisdom BTCW, and Hashdex DEFI recorded no net flows, indicating a pause in both buying and selling activity.
From a daily flow perspective, the situation looks strongly bearish, with withdrawals consistently outpacing deposits. Between May 26 and May 29, Bitcoin spot ETFs recorded net outflows of $333.71 million on Tuesday, $733.43 million on Wednesday, $228.88 million on Thursday, and $125.31 million on Friday.
This pattern reflects broader monthly weakness, as only 6 of the 20 trading days in May recorded positive flows, while 14 closed in the red. Notably, each trading session in the second half of the month saw capital outflows, culminating in a total negative flow balance of $2.43 billion, the highest monthly net outflow on record in 2026 and the largest since November 2025.
However, the Bitcoin spot ETF market remains in a strong and resilient position, with cumulative net inflows of $55.66 billion since its launch in 2024. Meanwhile, its total net assets are valued at $94.17 billion, representing 6.38% of Bitcoin’s market cap.
Related reading: Banks vs. Crypto Law: JPMorgan CEO Doubles Down Opposition to CLARITY
Bitcoin Price Overview
At the time of writing, Bitcoin is trading at $74,012, reflecting a slight 1.07% gain over the past day. Meanwhile, the daily trading volume has fallen by 47.55% and is valued at $18.12 billion.
Featured image from Flickr, chart from Tradingview
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