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Bitcoin spot ETFs recorded a net outflow of $70.47 million on May 20 (ET), according to SoSoValue data, extending their losing streak to four consecutive days of net redemptions. The sustained pressure suggests the institutional bid that powered earlier inflow streaks has paused, with sellers outweighing buyers across the spot ETF complex.
Ethereum spot ETFs compounded the picture with a $28.14 million net outflow on the same day — their eighth consecutive day in the red. Two of the largest crypto asset classes are now simultaneously bleeding through their regulated ETF wrappers, a combination that historically draws attention from macro-focused allocators watching for signs of broader risk-off rotation.
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