May 20: Spot Bitcoin ETFs Record $331 Million Outflow Day

Brief Summary

• Bitcoin consolidating near $76,500–$77,000 after recent drop below $77k.
• Spot Bitcoin ETFs saw $331 million in outflows on May 19 — largest since March. IBIT led with ~$326M.
• Harvard fully exited its $87M Ethereum ETF position in Q1 and trimmed Bitcoin ETF holdings.
• Minnesota signed law allowing banks and credit unions to offer crypto custody starting August 1, 2026.
• New Minnesota rules require asset segregation, cybersecurity standards, and 60-day notice.
• Low implied volatility in Bitcoin despite price weakness and rising yields.
• CLARITY Act continues moving through Congress after Senate committee advancement.

Hosted on Acast. See acast.com/privacy for more information.