Bitcoin ETFs Experience Sudden Outflow of $347 Million

Despite a recent period of positive momentum, U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw substantial outflows totaling $347 million on May 29th. This reversal marks a significant shift in the market following a streak of consistent inflows over the past two weeks. This sudden change has sparked discussions among crypto investors and analysts, prompting questions about its impact on Bitcoin prices and institutional investment trends.