Bitcoin Spot ETFs See $2.8B in Outflows Over Nine Sessions; BTC Falls to $67K

According to Bloomberg, U.S.-listed spot-bitcoin ETFs experienced $2.8 billion in withdrawals over nine consecutive sessions through May 28, marking the longest withdrawal streak since the funds launched two years ago. Bitcoin's price fell over 40% from its October all-time high of $126,080, trading around $67,000 as of Monday.

MicroStrategy disclosed on Monday that it sold 32 bitcoin in late May to fund a preferred dividend, sparking an additional 8% decline in bitcoin's price. The sale marked the company's first bitcoin transaction since late 2022, despite CEO Michael Saylor's previous public commitments against selling the asset.