The post Bitcoin ETFs Bleed $635M as BTC Crashes Below $80K appeared first on Coinpedia Fintech News
U.S. spot Bitcoin ETFs recorded a massive $635 million outflow just as Bitcoin crashed below the key $80,000 support level, marking the biggest one-day institutional exit since February. The sudden selloff followed hotter-than-expected U.S. inflation data, raising fears that Wall Street may be taking profits after the recent rally.
Bitcoin ETFs Record Massive $635 Million Outflow
On May 13, U.S. spot Bitcoin ETFs saw a combined net outflow of roughly $635 million, marking the largest single-day withdrawal since January 29. The biggest selling pressure came from BlackRock’s IBIT fund, which alone recorded nearly $285 million in outflows.
The latest drop followed another $233.2 million ETF outflow one day earlier, showing institutional sentiment weakened rapidly within just 48 hours.
The selloff accelerated after the latest U.S. CPI inflation report came in hotter than expe
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