Overview
- U.S. spot Bitcoin ETFs, which hold about $105.5 billion, swung from a $635 million outflow on May 13 to a $131.3 million inflow on May 14 led by BlackRock’s IBIT.
- The seven‑day average of ETF net flows fell to roughly negative $88 million per day, which Glassnode called the weakest stretch since mid‑February.
- April inflation data showed consumer prices up 3.8% year over year and producer prices up 6%, while the 10‑year Treasury yield hit 4.52%, prompting some investors to shift money toward cash and bonds.
- Bitcoin traded near $80,000, and analysts warned that a drop below $77,000 with high derivatives interest could trigger forced selling and deeper losses.
- Lawmakers advanced the CLARITY Act in the Senate Banking Committee, a step that some market watchers say could lift confidence and future ETF demand if it progresses.