Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak

As a researcher with experience in the cryptocurrency market and ETFs, I find the recent developments in U.S.-listed spot bitcoin exchange-traded funds (ETFs) noteworthy. After an impressive 19-day streak of net inflows totaling over $4 billion, these products saw a combined $65 million in net outflows on Monday.

As a crypto investor, I’ve noticed an impressive 19-day streak of continuous inflows into U.S.-listed spot Bitcoin ETFs came to an end on Monday. Unfortunately, the trend reversed, and these funds experienced a collective outflow of approximately $65 million based on preliminary data.

On May 10, ETFs reported a net withdrawal of $84 million following a disappointing month in April marked by successive outflows. However, investor interest has since rebounded, resulting in over $4 billion in inflows during the subsequent 19 trading days.

As a crypto investor, I’ve noticed significant outflows from the market over the past few days. This occurred amidst a broader downturn in the cryptocurrency sector and losses in traditional stock markets. Looking ahead to this week, traders have issued warnings of volatility due to several key events. Firstly, the highly anticipated U.S. Consumer Price Index (CPI) reading is scheduled for Wednesday, which could potentially influence the value of my crypto investments. Additionally, on Friday, U.S. Treasury Secretary Janet Yellen is slated to deliver a speech – an event that historically has the potential to cause noticeable reactions in riskier assets like cryptocurrencies. Thus, I am prepared for a potentially turbulent week ahead.

As a financial analyst, I would express it this way: Starting Thursday, the Federal Open Market Committee (FOMC) of the Federal Reserve will convene for a two-day meeting to make decisions regarding monetary policy. These decisions could potentially introduce more market uncertainty depending on any remarks made during the event.

In the previous day, Bitcoin experienced a 2.7% decrease, erasing some of its recent progress that saw it reach a two-month peak of around $70,000 in value last week.