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TacoTreasury

IBIT's monthly outflow reaches 1.4 billion, are institutions also starting to waver?

IBIT-1.53%
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BlockBeatNews
U.S. spot Bitcoin ETF saw a net outflow of $2.406 billion in May, with IBIT recording a net outflow of over $1.406 billion in a single month.
According to FarsideInvestors data, in May, the total net outflow of U.S. spot Bitcoin ETFs was $2.41B, with BlackRock's IBIT leading with a $1.41B outflow, followed by GBTC at $330 million, ARKB at $314 million, and FBTC at $274 million, all experiencing net outflows; BITB, EZBC, and BTCO respectively had net outflows of $85.6 million, $34.7 million, and $12.2 million, while BRRR, HODL, and BTC also saw slight net outflows, and MSBT achieved a net inflow of $68.9 million. Overall capital flow was negative, putting market sentiment under pressure.
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