U.S. spot Bitcoin ETFs have posted their steepest monthly decline since launch, as Galaxy Research reports a net outflow of $6.35 billion over the past 30 days.
Record Outflows Across Spot Bitcoin Funds
Galaxy Research tracks 582 rolling 30‑day periods and confirms that the current $6.35 billion withdrawal represents the highest outflow ever recorded for U.S. spot Bitcoin ETFs. BlackRock’s IBIT fund suffered the largest single loss, shedding $4.51 billion, while Morgan Stanley’s MSBT fund attracted $1.25 billion in fresh capital during the same span. These movements reflect a pronounced shift among investors away from Bitcoin‑linked products.
Impact on Bitcoin Price and Market Sentiment
During the outflow window, Bitcoin’s price slipped from roughly $76,000 in early May to about $64,000 at the time of reporting, pushing the cryptocurrency from a bullish to a bearish zone. Analysts link the price drop to the capital flight, noting that diminished demand from institutional investors can pressure short‑term price support. The trend signals waning confidence among crypto investors and a broader risk‑off posture in the market.
Parallel Trends in Spot Ethereum ETFs
Spot Ethereum ETFs mirrored the Bitcoin slump, recording $1.149 billion in net outflows over the same 30‑day period. BlackRock’s ETHA fund led the exodus, while Fidelity’s FETH product experienced an inflow, suggesting a modest divergence in investor preferences within the blockchain sector. The combined outflows underscore ongoing volatility across major crypto assets and highlight the importance of monitoring investor behavior in the crypto market.