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<ul>
 <li>U.S. spot Bitcoin ETFs posted $100.81 million in outflows for a fifth straight trading day.</li>
 <li>BlackRock’s IBIT led ETF alone contributed $103.64 million in net withdrawals on May 21.</li>
 <li>Senate crypto bill advanced in committee as banks and law enforcement raised concerns.</li>
</ul>
U.S. spot <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds</a> recorded a fifth consecutive day of net outflows, with investors pulling approximately $100.81 million from the products. The losses were largely driven by selling pressure in BlackRock’s iShares Bitcoin Trust (IBIT).&nbsp;
The figures showed IBIT registered net outflows of $103.65 million during the trading session, accounting for nearly all of the day’s losses across the sector. Ark Invest’s ARKB fund reported a smaller net inflow of $2.83 million, while other major spot Bitcoin ETFs saw little to no net inflows.
The withdrawals came as <a href="https://coinedition.com/bitcoin-spot-etfs-attract-150-billion-inflows-creates-demand-shock-btc-supply/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin</a> struggled …
Read The Full Article <a href="https://coinedition.com/u-s-spot-bitcoin-etfs-see-fifth-straight-outflow-day-amid-ibit-selling-pressure/" rel="noopener noreferrer nofollow">U.S. Spot Bitcoin ETFs See Fifth Straight Outflow Day Amid IBIT Selling Pressure</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

U.S. Spot Bitcoin ETFs See Fifth Straight Outflow Day Amid IBIT Selling Pressure

Coin Edition

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