Bitcoin spot exchange-traded funds (ETFs) recorded substantial net outflows in the final days of May, with investors pulling a total of $1.42 billion during the last week alone. This continued the sustained trend of capital flight plaguing the sector through most of the month as Bitcoin’s price faced resistance and correction pressures.
BlackRock’s Bitcoin ETF led these withdrawals with nearly $1 billion in net outflows, far surpassing other major funds. Fidelity’s and Grayscale’s flagship ETFs followed, with $169 million and $175 million pulled, respectively. Other funds, including Bitwise and Grayscale’s secondary BTC product, also saw meaningful outflows ranging from $20 to $50 million, while smaller issuers like Valkyrie and Morgan Stanley experienced modest withdrawals. In contrast, several issuers such as VanEck, Invesco, Franklin Templeton, WisdomTree, and Hashdex saw no significant inflows or outflows, indicating a temporary halt in trading activity.
The daily trend throughout the week displayed persistent bearish sentiment. Significant outflows were reported each trading day, with the highest net withdrawal close to $733 million on Wednesday. Overall, May recorded net negative flows on 14 out of 20 trading days, with every session in the second half of the month seeing outflows, culminating in the largest monthly net withdrawal for these ETFs since November 2025, totaling $2.43 billion.
Despite these setbacks, the Bitcoin spot ETF market retains notable strength. Since their launch in 2024, these funds have accumulated net inflows exceeding $55 billion. The total assets under management in Bitcoin ETFs remain robust at $94 billion, representing a significant share—over 6%—of Bitcoin’s overall market capitalization.
At present, Bitcoin’s price hovers around $74,000, showing a slight daily increase amid declining trading volumes. The market continues to navigate volatility as investor confidence in Bitcoin ETFs faces ongoing challenges linked to Bitcoin’s price resistance and market corrections.