Crypto Market Faces Supply Surge as Bitcoin ETFs Haemorrhage $333.6 Million

Outflows from US Bitcoin spot ETFs have been a recurring theme throughout May, with the latest episode occurring on May 26. According to data from SoSoValue, $333.6 million was withdrawn from these funds on this day, marking one of several large outflow sessions in the month.

The affected products are managed by major issuers BlackRock, Fidelity, and Grayscale, which have been driving flow dynamics in the market. When their funds experience coordinated outflows, it tends to ripple across the entire crypto market.

SoSoValue's daily flow reports provide a detailed breakdown of these movements, offering granular visibility into how each issuer's products are performing. The platform tracks flows across the full spectrum of US spot products, enabling users to identify whether outflows are concentrated in specific funds or spread broadly across the market.