US spot Bitcoin ETFs see $1.55B outflow over 6 days, weighing on Bitcoin price near $77K.

US spot Bitcoin ETFs experienced a net cash outflow of about $1.55 billion from May 15 to 22, driven mainly by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. These outflows have contributed to Bitcoin's price consolidating around $76,000 to $77,160, dampening bullish momentum. The market awaits whether US spot BTC ETFs will resume accumulation, which could trigger a price uptrend, or continue outflows, potentially leading to further weakness.