US spot Bitcoin ETFs post $277.50M outflow on May 7, breaking five-day inflow run
US spot Bitcoin ETFs recorded a $277.50 million net outflow on May 7, snapping a five-session inflow streak. Despite the reversal, the group held about $106.77 billion in BTC at press time, while Bitcoin traded near $80,180 after gaining over 2% during the period. Market watchers are now focused on whether the outflows represent a brief pause or a shift in institutional demand.