Spot Bitcoin ETFs face $229M outflow, marking 9th consecutive day

Spot Bitcoin ETFs face $229M outflow, marking 9th consecutive day

Spot Bitcoin ETFs recorded $229M in net outflows on May 28, marking the ninth consecutive day of redemptions — the longest streak of institutional withdrawals since the products launched. Persistent outflows at this scale signal a structural risk-off rotation among institutional holders, not a short-term blip: CIOs managing crypto exposure should expect continued downward pressure on BTC price targets through Q2 absent a macro catalyst.