Spot Bitcoin ETFs recorded $2.4 billion in net outflows during May, marking their largest monthly withdrawal of capital in the past five months.
The decline comes despite continued long-term institutional interest in Bitcoin, suggesting investors are becoming more cautious and repositioning portfolios amid broader market volatility and pressure on risk assets.
Even with the outflows, spot Bitcoin ETFs still manage more than $94 billion in assets, underscoring their importance as a major gateway for institutional participation in the cryptocurrency market.