Bitcoin ETFs Shed $630M in Largest Daily Exit Since January

In brief

• U.S. spot Bitcoin ETFs recorded $630.4 million in net outflows on May 13, the largest daily exit in three months.
• BlackRock’s IBIT led losses with $284.7 million, followed by ARKB ($177.1M) and FBTC ($133.2M).
• The outflows reflect profit-taking and positioning shifts, rather than a…