Bitcoin ETFs see ninth consecutive day of outflows with $228 million in outflows

[ad_1]

American open-ended bitcoin exchange-traded funds (ETFs) recorded net outflows on May 28, leaving $228.88 million in the 2013-13 aggregate, while the IBIT index lost $177.94 million.

The series has now withdrawn more than $2 billion from bitcoin products after weeks of tightening signals from the Federal Reserve and rising prices have weighed on risky assets.

institutional sales acceleration

led iShares Bitcoin Trust Fund The largest part of the operation on Wednesday, with a net return value of 177.94, according to SoSoValue data. The company GBTC, which belongs to Al-Ghraiskel, withdrew 26.19 million dollars, while FBTC, which led to FBTC, saw outflows worth 19.16 million dollars.

Despite the sale, still 13 instant bitcoin funds in the United States It holds total net assets of 94.25 billion dollars, which is equivalent to about 6.39% of the total bitcoin market. Cumulative net flows since the launch are still at 55.79 billion dollars, which indicates that only the last ones have decreased Of the types of institutional accumulation the previous instead of mohuhoha.

Bitcoin is trading at $73,504 at the time of writing, down 5.39% over the past year and about 42% below its all-time high of $126,000 in October 2025. BeInCrypto price data.

Market participants refer to violent change in the federal and the ongoing tensions between the United States and Iran as the main drivers of the United States withdrawal and Iran as the main drivers of the United States withdrawal The ongoing tensions between the United States and Iran. Recently, Goldman Sachs pushed back its expectations for a reduction in the key interest rate from December 2026, while oil prices raised core inflation to above the target of 2%.

If this series continues to the next session, it will depend on the statement made after the closing of the American markets.

[ad_2]

Source link