Bitcoin ETFs Reverse Inflows as Bitcoin Falls Below $80K
Cointelegraph
US-listed spot Bitcoin ETFs recorded $277.5 million in outflows as the price of Bitcoin dropped below the $80,000 threshold.Summary
US-listed spot Bitcoin ETFs experienced their first daily outflow in May, shedding $277.5 million following a five-day inflow streak. This reversal occurred as Bitcoin's price fell below $80,000, driven by heightened market volatility. Fidelity's FBTC and BlackRock's IBIT saw the largest outflows, while the Morgan Stanley Bitcoin Trust ETF (MSBT) remained resilient with modest inflows. Market sentiment has shifted toward "Fear," according to the Crypto Fear & Greed Index.
(Source：Cointelegraph)