Bitcoin ETFs Experience Net Outflows After Two-Week Inflow Streak

U.S. spot Bitcoin Exchange Traded Funds (ETFs) saw a significant net outflow of $347 million on May 29th, marking the first collective day of redemptions in over two weeks. This marks the largest single-day capital flight since March 11th, when investors withdrew $396 million from Bitcoin ETFs. The price drop of Bitcoin was a contributing factor, falling by more than 3.5% during the trading day before briefly dipping below the $105,000 mark.