Bitcoin ETFs See $648 Million Outflows for Second Day, Led by BlackRock IBIT

U.S. spot Bitcoin (BTC) ETFs extended their recent reversal on May 18, posting a second consecutive session of net outflows as investors pulled capital from the sector's largest products—led by BlackRock's iShares Bitcoin Trust ($IBIT). According to data compiled by SosoValue, U.S.-listed spot Bitcoin ETFs recorded total net outflows of $648.64 million on May 18 (U.S. Eastern Time).