U.S. Bitcoin ETFs Lose $630M on Inflation
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- Bitcoin ETFs recorded $630.4 million net outflows on May 13, the largest daily exit in three months.
- IBIT led redemptions with $284.7 million, while ARKB shed $177.1 million and FBTC lost $133.2 million.
- Bitcoin ETFs reversed a five‑week inflow streak that had added about $3.8 billion through the week ending May 6.
- Illia Otychenko of CEX.IO linked the outflows to April CPI at 3.8% and May PPI at 6%, which heightened expectations of Fed rate hikes and spurred risk aversion.
- Strait of Hormuz closure could push oil prices higher, and the upcoming Clarity Act hearing may add further volatility to crypto markets.
Why it matters: Investors in spot Bitcoin ETFs lose $630M in a single day, while fund managers face redemption pressure; heightened inflation fears may push Fed rates higher, further dampening crypto demand.
