Key Highlights
- Spot Bitcoin ETFs in the United States endured an unprecedented 10-day withdrawal period, shedding $2.97 billion from May 15 through May 29
- Bitcoin retreated 4.6% during the week to reach $73,397; Ethereum, Solana, and Tron similarly weakened
- Equity markets achieved fresh peaks fueled by Nvidia’s laptop expansion plans and SoftBank’s AI portfolio strength
- Crude oil prices advanced past $93 per barrel following diplomatic impasse with Iran and shipping route concerns
- Hyperliquid’s HYPE token emerged as the top performer, surging 18.7% as its newly launched ETF recorded consecutive daily inflows
Digital currencies faced selling pressure throughout the past week as Bitcoin exchange-traded funds in the United States established their longest consecutive withdrawal streak ever documented. In stark contrast, traditional equity markets rallied to unprecedented levels, propelled by investor enthusiasm surrounding artificial intelligence developments.
The Nasdaq Composite index jumped over 8% during May. The S&P 500 benchmark advanced approximately 5% throughout the month, while the Dow Jones Industrial Average climbed nearly 3%. Market momentum extended into Sunday evening trading, with Nasdaq 100 futures advancing 0.4%.
Nvidia revealed plans to penetrate the Windows laptop sector, establishing direct competition with Intel and AMD. This strategic announcement contributed to upward pressure on Nasdaq futures. SoftBank’s shares surged as much as 11% driven by its stakes in OpenAI and Arm, positioning the company to potentially become Japan’s highest-valued publicly traded entity.
The MSCI All Country World Index advanced 0.2% on Monday. Asian stock markets climbed 1.1% to reach an unprecedented peak, with technology benchmarks across South Korea, Taiwan, and Japan each establishing new record levels.
Historic Withdrawal Streak Hits Bitcoin ETFs
Spot Bitcoin exchange-traded funds in the United States marked their tenth consecutive trading day of withdrawals on Friday, May 29. These investment vehicles experienced cumulative outflows totaling $2.97 billion throughout the May 15 to May 29 period, surpassing the prior record of eight straight outflow sessions documented earlier in 2025.
The most significant single-day exodus occurred on May 27, when $733 million departed these funds. This represented the largest one-day withdrawal since January.
Combined net assets held within U.S. spot Bitcoin ETFs declined from $104.29 billion on May 15 to $94.17 billion by the end of Friday. Ether ETFs are experiencing an even more extended 14-session withdrawal pattern, losing approximately $2.6 billion during the comparable timeframe.
Bitcoin declined 4.6% across the seven-day period to settle at $73,397. Ethereum experienced an identical 4.6% decrease to $1,996. Solana retreated 3.7% to $81.89, with Tron matching that 3.7% decline. Dogecoin eased 1.6%.
Crude Oil Strengthens as Iranian Negotiations Falter
Oil prices advanced higher as attempts to restore access through the Strait of Hormuz yielded minimal results. Brent crude climbed beyond $93 per barrel. West Texas Intermediate strengthened 1.8% to approach $89 per barrel during Sunday trading.
President Trump indicated he would convene with advisers to reach a “final determination” regarding Iranian policy, while demanding immediate restoration of Strait of Hormuz shipping lanes. Notwithstanding the weekend gains, WTI recorded its steepest monthly decrease since April 2025, declining almost 17% throughout May.
The stagnated Iranian negotiations and ascending oil valuations eliminated a prospective macroeconomic trigger that cryptocurrency markets had been anticipating.
The singular positive development within crypto markets was Hyperliquid’s HYPE token. It appreciated 18.7% during the seven-day span to reach $73.17. The U.S. spot HYPE ETF, which debuted on May 12, has registered inflows during every trading session following its introduction, elevating total net assets beyond $122 million by Friday.
Market participants will now focus on Friday’s nonfarm payrolls data release, which may influence Federal Reserve monetary policy expectations in upcoming months.
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