Bitcoin ETF outflows hit all-time high at $563m

According to SoSo Value, the sector’s fund outflow continued for the sixth straight day. Before this, the fund recorded a net inflow of funds for 70 consecutive days. Geraci emphasized that the second product lost more than $1 billion in one year. According to Seyffart, all ETFs operate stably, and such fluctuations are the norm for such products.

“Should add — these ETFs are operating smoothly across the board. Inflows and outflows are part of the norm in the life of an ETF.” – James Seyffart, Bloomberg Intelligence analyst. The net outflow of capital on May 1 exceeded the losses of funds for the entire April which only saw $345.88 million in outflows.

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