Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks....
Key takeaways
- 1Bitcoin fell to $74,300, down over 10% from its May 6 peak of $82,500 due to rising U.S. Treasury yields.
- 2U.S. spot Bitcoin ETFs experienced $2.26 billion in outflows over two weeks, including $1.26 billion in a single week.
- 3Investors are shifting capital toward commodities and SpaceX IPO derivatives amid concerns over zero-yield bitcoin assets.
Coins in this story
Why it matters
Rising global bond yields are making risk-free returns more attractive, pressuring bitcoin demand among institutional investors. Indian retail crypto investors should monitor ETF outflows as a signal of institutional sentiment and potential price volatility.
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