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May 20: Spot Bitcoin ETFs Record $331 Million Outflow Day
Published 1 month, 1 week ago
Description
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.
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