Bitcoin ETFs suffer "cash crunch": $1.26 billion in withdrawals in a single week, Ethereum ETFs suffer losses for 10 consecutive days.

According to Mars Finance, on May 23, US spot Bitcoin ETFs recorded a net outflow of approximately $1.26 billion this week, the largest weekly outflow since late January, and marking the sixth consecutive trading day of net redemptions. Data shows that this type of product saw an outflow of approximately $649 million on Monday alone. Although the outflow eased somewhat in subsequent days, it remained a continuous outflow trend. Market analysts pointed out that the recent rise in US Treasury yields, the strengthening of the US dollar, and geopolitical tensions are among the main reasons for the capital withdrawal. Meanwhile, Ethereum ETFs also faced pressure, experiencing net outflows for 10 consecutive trading days, the longest outflow period since March 2025. The total outflow for the week was approximately $216 million. Among them, BlackRock's iShares Bitcoin Trust (IBIT) currently manages approximately $61.1 billion in assets, but this is still lower than the cumulative inflow of approximately $3.7 billion, indicating that recent market price fluctuations have impacted the value of its holdings. As of the ETF trading day's close, Bitcoin's price was around $77,500, and Ethereum's was around $2,130, maintaining a narrow range of fluctuation. Despite significant short-term capital outflows, the spot Bitcoin ETF has still seen a cumulative net inflow of approximately $57.1 billion since its launch, with assets under management of approximately $98.9 billion.