The Spot Bitcoin ETF saw a noticeable shift in investors' sentiment last week as uncertainty surrounding Donald Trump's trade policy and profit acquisition led to a reversal of the influx trend.
According to data from SoSovalue, the US 12-spot Bitcoin ETF recorded a $157.4 million outflow in the past week between May 27th and 30th, ending a six-week inflow streak and raising more than $9 billion in its funds.
Among the most violently hit capital was Ark 21Shares' ARKB, which once led by investors to $281.9 million. Fidelity's FBTC was not too late, resulting in a $188.8 million spill.
Grayscale's GBTC and Bitwise's BITB were also hits, losing $134.4 million and $104.3 million, respectively. Other funds, including Invesco's BTCO, Franklin Templeton's EZBC, and Vaneck's HODL, have recorded a total of $30.3 million redemptions.
Still, it wasn't entirely bearish. BlackRock's IBIT was able to offset a significant portion of the spill with a $584.6 million spill. This shows that some investors still view pullbacks as an opportunity to buy. Grayscale's Mini BTC fund and Valkyrie's BRRR also saw a modest inflow, which helped ease the overall blow.
Despite redemptions from last week, it could still be over with a Bitcoin ETF's overall bullish memo. Net inflows totaled about $5.23 billion for the month, up more than 75% compared to April figures. For context, net flows of $35.6 billion and $76791 million were seen in February and March, respectively. The May rebound shows just how much appetite investors still have for BTC despite short-term market fears.
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Investor demand for Bitcoin ETFs hit a hit last week. This is because traders began to make profits after BTC collected its all-time highs in the beginning of May. June has historically been a bearish month for Bitcoin for four of the last six years, but it is likely that many have opted to make some profit from the table ahead of a potential seasonal dip.
At the same time, the fresh concerns on the macro front were no use. The ongoing drama about Trump's trade tariffs has resurfaced after two US courts issued conflicting rulings.
One ruling declared the tariffs illegal, and the other allowed them to stay during the appeal process. Such uncertainty has given some investors the advantage.
Bitcoin (BTC) prices slid at around 4.3% last week, falling briefly to $103,950 on June 2nd, then bounced back a bit, returning to about $105,000. Even with the drop, BTC is a record high of 6.1% off at $111,814 before last month.
“This pullback is healthy and shows more pause and integration rather than complete weakness,” told crypto.news.
“Overall, this is not a risk-on environment, nor is it an environment of fear. It's a time of discipline. Capital preservation, a sharp focus, and ready to seize as opportunities arise.”
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