Bitcoin ETFs saw strong inflows early May but flipped to outflows as BTC price rose to $82K.

Bitcoin Spot ETFs began May with significant inflows, led by BlackRock and Fidelity, but shifted to outflows by the week's end. Despite ETF outflows, Bitcoin's price rose from around $76,000 to $82,000, driven by reduced BTC supply from exchange withdrawals and increased market activity. This suggests institutional buying triggered the price rise, retail investors sustained it, and lower sell pressure helped maintain bullish momentum. The market shows strength even amid fluctuating ETF flows.