Heavy ETF redemptions point to institutional profit-taking

Institutional investors appear to be locking in gains as selling pressure hits US spot Bitcoin ETFs. The funds have posted nearly $2 billion in net outflows over the past seven trading days, including $979 million across the last two sessions (Mon May 19 and Tue May 20). Monday alone saw $648.6 million leave the products, the biggest single-day outflow since Jan 29, 2026.