Bitcoin ETF Faces 'Redemption Pressure': $1.26 Billion Withdrawn in a Single Week, Ethereum ETF Sees Outflows for 10 Consecutive Days

US Spot Bitcoin ETFs posted a weekly net outflow of roughly $1.26 billion in the week ending May 23, marking their largest weekly pullback since late January and six consecutive trading days of net redemptions. Data shows $649 million flowed out just on Monday, with outflows moderating in subsequent days but remaining consistent overall. Market participants pointed to three key drivers: rising U.S. Treasury yields, a stronger U.S. dollar, and geopolitical tensions. U.S. Spot Ethereum ETFs also faced pressure this week, logging 10 straight days of net outflows—their longest stretch since March 2025—for a total weekly outflow of approximately $216 million. BlackRock’s iShares Bitcoin Trust (IBIT) manages about $61.1 billion in assets, though this figure trails the fund’s cumulative inflows of roughly $3.7 billion, signaling recent market price volatility has impacted its holding value. As of the close of ETF trading for the period, Bitcoin traded around $77,500 and Ethereum at approximately $2,130, both holding to narrow trading ranges. Despite the sharp short-term outflows, U.S. Spot Bitcoin ETFs have generated roughly $57.1 billion in cumulative net inflows since their launch, bringing their total assets under management to around $98.9 billion.