Spot bitcoin ETFs extend negative streak, following $2.4 billion monthly outflows in May
Hex37's read
- Spot Bitcoin ETFs saw outflows totaling $2.4 billion in May.
- Institutions are shifting investments from crypto ETFs to AI stocks.
- This trend is attributed to dampened hopes for a better macro environment.
What it means for traders
- Continued outflows from Bitcoin ETFs may signal bearish sentiment in the short term.
- The shift to AI stocks suggests a rotation out of riskier crypto assets into perceived safer tech plays.
Affected markets
Practice this on Hex37
News like this moves markets. Practice trading the move with $10,000 in virtual balance and exchange-grade execution, no real money at risk.