Spot Bitcoin ETFs Log $649M in Net Outflows on Monday, Largest Since January 29

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According to SoSoValue, spot bitcoin ETFs logged $648.6 million in net outflows across seven funds on Monday (May 19), marking the largest single-day decline since January 29. BlackRock's IBIT led with $448.3 million in outflows, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million. Funds from Bitwise, VanEck, Invesco, and Franklin Templeton also reported negative flows. The outflows extended last week's total net outflows of $1 billion, which ended a six-week positive streak.
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