Bitcoin Spot ETF Outflows Surge to $733.4M on May 28, Up Over 100% From Previous Day

BTC0.11%
According to CoinGlass, Bitcoin spot ETF net outflows surged to $733.4 million on Wednesday (May 28), more than double the previous day's level, contributing to Bitcoin's 3.1% decline to $72,834, according to London Stock Exchange Group data. Analyst Khaled Guerbouz at Arbeat Group noted this marks the second-largest ETF outflow year-to-date, citing deteriorating investor sentiment amid shifting macroeconomic conditions.
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