Spot Bitcoin ETFs saw a notable shift in investor sentiment last week, as uncertainty surrounding Donald Trump’s trade policies and profit-taking led to a reversal in inflow trends. According to SoSoValue data , the 12 spot Bitcoin ETFs in the U.S. recorded $157.4 million in outflows over the past week from May 27-30, ending a six-week inflow streak that drew in over $9 billion into the funds. Among the funds hit hardest was ARK 21Shares’ ARKB, which saw $281.9 million pulled by investors. Fidelity’s FBTC wasn’t far behind, recording outflows of $198.8 million. Grayscale’s GBTC and Bitwise’s BITB also took a hit, losing $134.4 million and $104.3 million, respectively. Other funds like Invesco’s BTCO, Franklin Templeton’s EZBC, and VanEck’s HODL recorded a combined $30.3 million in redemptions. Still, it wasn’t entirely bearish across the board. BlackRock’s IBIT managed to offset a significant portion of the outflows with $584.6 million in inflows, indicating that some investors still viewed the pullback as a buying opportunity. Grayscale’s mini BTC fund and Valkyrie’s BRRR also saw modest inflows, helping soften the overall blow. Despite last week’s redemptions, May still ended on a bullish note for Bitcoin ETFs overall. Net inflows totaled around $5.23 billion for the month, up over 75% compared to April’s figure. For context, February and March had seen net outflows of $3.56 billion and $767.91 million, respectively. The rebound in May shows just how much appetite investors still have for BTC, even with short-term market jitters. You might also like: Bitcoin exchange reserves hit an all-time low — is a volatility spike coming? Investor demand for Bitcoin ETFs took a hit last week, partly because traders started locking in profits after BTC’s rally its new all-time high earlier in May. With June historically being a bearish month for Bitcoin in four of the past six years, many likely chose to take some gains off the table ahead of a potential seasonal dip. At the same time, fresh worries on the macro front didn’t help. The ongoing drama around Trump’s trade tariffs resurfaced after two U.S. courts issued conflicting rulings. One ruling declared the tariffs illegal , while the other allowed them to stay in place during the appeal process, which could drag on all the way to the Supreme Court. That kind of uncertainty is keeping some investors on edge. Bitcoin’s (BTC) price has slipped about 4.3% over the past week, briefly dipping to $103,950 on June 2 before bouncing back a bit to around $105,000. Even with the drop, BTC is still just 6.1% off its all-time high of $111,814 from earlier last month. “This pullback is healthy, not signaling outright bearishness but more of a pause and consolidation,” Himanshu Maradiya, founder and chairman of CIFDAQ, told crypto.news. “Overall, this is not a risk-on environment, but also not one to fear. It’s a time for discipline: capital preservation, sharp focus, and readiness to seize opportunities as they arise.” Read more: Top 4 reasons why XRP price may surge 50% in June
