5h ago
Bitcoin held near $80K as spot BTC ETFs saw $268.5M outflows on May 7
Spot Bitcoin ETFs opened May with large inflows, then turned negative as May 7 logged $268.5 million in net outflows while BTC traded around $80K. BTC rose from near $76,000 on May 1 to about $82,000 on May 6 even as ETF flows weakened. Exchange outflows and higher network activity helped support price resilience during the outflow stretch.