Spot Bitcoin ETFs recorded net outflows of approximately $223.3 million in a single trading session, while spot Ethereum ETFs saw withdrawals of roughly $121.4 million during the same period, signaling renewed investor caution toward major cryptocurrency assets.
The single-day redemptions extend a broader pattern of weakness in institutional crypto investment products. During the week ending May 29, spot Bitcoin ETFs accumulated net outflows of approximately $1.42 billion, with spot Ethereum ETFs experiencing additional withdrawals of $241.45 million over the same five-day span.
The sustained outflow pattern reflects investor repositioning as macro uncertainties persist and crypto valuations face pressure. The scale of redemptions—particularly Bitcoin's weekly figure—suggests that despite the approval and proliferation of spot cryptocurrency ETFs as regulated investment vehicles, institutional demand remains cyclical and sensitive to near-term price volatility and broader market sentiment.