Exchange-traded funds (ETFs) that track the spot price of Bitcoin (CRYPTO: $BTC) have recorded their biggest weekly outflow of 2026.
As a whole, crypto investment products recorded their second-largest weekly outflow of 2026 at the end of May, with investors pulling $1.67 billion U.S. from digital asset funds.
The withdrawals marked the third consecutive week of net outflows from crypto funds and brought total redemptions in that time to $4.21 billion U.S.
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Analysts say that concerns about geopolitical events and the Iran war have overwhelmed any positive sentiment that existed towards digital assets.
As is usually the case, Bitcoin investment products saw the largest share of the selling, losing $1.44 billion U.S. during the week.
That was the largest weekly Bitcoin outflow of 2026, surpassing both the previous week’s record and the peak reached during January’s selloff.
The latest outflows coincide with a sharp decline in crypto prices. Bitcoin is down 3% on June 1 and trading at $71,500 U.S. on reports that Strategy (NASDAQ: $MSTR) sold its first BTC in four years.
Despite the pullback, crypto investment products still hold $142 billion U.S. in assets globally, according to market data.
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