Crypto market crashes as surprise PPI spike, miner selling and mass liquidations drive ~$290M ETF outflows — Bitcoin struggles below $78k as 2-year Treasury hits ~4.09%; analysts flag possible 'bear trap' amid oil, bond nerves

first published 2026-05-16T08:07:36Z

US spot Bitcoin ETFs posted $1.0 billion in net outflows for the week ending May 15 — their biggest weekly exit since late January — ending a six-week inflow run that had totaled $3.4 billion. All 11 Bitcoin ETFs recorded outflows totaling $290.42 million on the final trading day. Ethereum ETFs also saw $255.11 million in weekly outflows. Cumulative ETF inflows since January remain about $58.34 billion and AUM is near $104.29 billion. The reversal was linked to hotter-than-expected April CPI (3.8%), rising 10-year Treasury yields (4.54%) and higher Fed-hike odds; prior concentration of inflows into IBIT amplified the down week.

AI Analysis

Facts: $1.0B net outflow for week ending May 15 (largest since late January); ended six-week inflow streak totaling $3.4B; all 11 Bitcoin ETFs had outflows of $290.42M on final trading day; Ethereum ETFs outflowed $255.11M; cumulative inflows since Jan ~ $58.34B and AUM ~ $104.29B; drivers cited were April CPI 3.8%, 10-year Treasury at 4.54% and higher Fed-hike odds; IBIT’s prior inflow concentration amplified the impact. These concrete flow and macro data point to short-term bearish pressure.

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