U.S. spot Bitcoin ETFs saw $100.9 million in net outflows on May 21, while spot Ethereum ETFs saw $32.6 million in net outflows.
Bitcoin traders increased long exposure despite weak U.S. macro data, with top trader positioning strengthening the $76,000 support area.
Bitcoin’s Coinbase Premium Index remained negative, showing softer U.S. spot demand, while longer-term buying pressure continued to support the range.
U.S. lawmakers renewed the Strategic Bitcoin Reserve push with the ARMA bill, which would require federal Bitcoin holdings to be held for at least 20 years unless used to reduce national debt.
Harvard’s endowment exited its Ethereum ETF position after just one quarter, adding to signs of weaker institutional appetite for ETH.
Bitcoin is trading around $77,230, while Ethereum is trading around $2,124.
The Fear and Greed Index stands around 40, indicating fear in market sentiment.
Sources: CryptoETF.today API, CoinMarketCap BTC, CoinMarketCap ETH, CoinMarketCap Fear & Greed, Cointelegraph
