Spot Bitcoin ETFs saw a remarkable shift in investor sentiment last week, because uncertainty about Donald Trump’s trade policy and taking a profit led to a reversal in inflow trends.
According to Sosovalue factsThe 12 Spotbitcoin ETFs in the US registered $ 157.4 million in the last week of 27-30 May, ending an inflow of six weeks that ended more than $ 9 billion in the funds.
One of the hardest affected funds was Ark 21Shares’ Arkb, in which $ 281.9 million was drawn by investors. The FBTC from Fidelity was not far behind and took $ 198.8 million.
GBTC from Grayscale and Bitwise’s BitB also took a hit, $ 134.4 million and $ 104.3 million respectively. Other funds such as Invesco’s BTCO, EZBC by Franklin Templeton and Vaneck’s HODL registered a combined $ 30.3 million in redemption.
Yet it was not entirely bearish across the board. Blackrock’s IBIT managed to compensate for a considerable part of the outflows with $ 584.6 million in inflow, indicating that some investors still considered the withdrawal as a buying option. Grayscale’s Mini BTC Fund and Brrr van Valkyrie also saw modest inflow, so that the overall blow was softened.
Despite last week’s repayments, perhaps still ended on a bullish note for Bitcoin ETFs in general. The net entry was around $ 5.23 billion for the month, an increase of more than 75% compared to the April figure. For context, February and March had seen the net outflows of $ 3,56 billion and $ 767.91 million respectively. The rebound in May shows how many appetite investors still have for BTC, even with short-term marketgers.
Investors’ question to Bitcoin ETFs was taken a hit last week, partly because traders started to lock the profit after BTC is earlier in May his new all-time high. Because June is historically a bearish month for Bitcoin in four of the last six years, many probably chose to get some profit off the table for a potential seasonal dip.
At the same time, new worries did not help the macro front. The current drama around Trump’s trading rates appeared after two American courts have issued conflicting statements.
One ruling stated the rates illegally, while the other enabled them to stay in place during the professional process, which could drag all the way to the Supreme Court. That kind of uncertainty is to keep some investors sharp.
The price of Bitcoin (BTC) went out of around 4.3% last week and immersed briefly to $ 103,950 on 2 June before he bounces back to around $ 105,000. Even with the decrease, BTC is still only a 6.1% discount at its highest peak of $ 111,814 from earlier last month.
“This pullback is healthy and does not signal outright support, but more a break and consolidation,” Himanshu Maradiya, founder and chairman of Cifdaq, told Crypto.news.
“In general, this is not a risk-to-environment, but also not someone to fear. It is a time for discipline: capital retention, sharp focus and willingness to seize opportunities when they occur.”
