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Sign InAmid escalating macroeconomic pressures and institutional de-risking, U.S. spot Bitcoin ETFs have experienced a sharp sell-off that erased their annual gains. According to reports, these funds recorded 10 consecutive days of net outflows totaling $2.96 billion, pushing year-to-date flows for 2026 into negative territory for the first time. Total assets under management dropped from $104 billion to approximately $94 billion as the underlying cryptocurrency traded near the $72,600 level.
This decline follows Bitcoin's failure to sustain momentum above $82,000, marking a significant shift from the bullish sentiment seen earlier this year. In comparison to other digital assets, Ethereum-linked products have also faced similar pressure, as market data suggests investor sentiment was dampened by recent U.S. inflation readings. Per market data, this collective exit reflects institutional caution toward high-risk assets amid ongoing uncertainty regarding monetary policy.
Traders should watch for support levels near $70,000, with Bitcoin priced at $72,600 (close June 1, 2026). Looking at the economic calendar, upcoming U.S. employment data and central bank meeting minutes may provide further catalysts for liquidity, potentially influencing the pace of ETF flows in the coming week.