Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
Bitcoin's price has dropped to approximately $74,300, marking a significant decline from its early May peak. This decrease is attributed to over $2.26 billion in outflows from U.S.-listed spot bitcoin exchange-traded funds in the past two weeks. Rising U.S. and global bond yields are contributing to reduced demand for riskier assets like bitcoin.
- ▪Bitcoin has fallen to about $74,300, more than 10% below its early May peak.
- ▪U.S.-listed spot bitcoin exchange-traded funds have seen over $2.26 billion in outflows in the past two weeks.
- ▪Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/05/23/bitcoin-tanks-to-usd74-300-as-spot-etfs-bleed-usd2-26-billion-in-two-weeks |
| Publication time | Sat, 23 May 2026 10:19:40 +0000 |
| Retrieval time | 2026-05-23T10:37:26.419Z |
| Last seen | 2026-05-23T10:37:26.419Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeksU.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.By Omkar Godbole May 23, 2026, 10:19 a.m. 1 min readMake preferred on BTC's price slide. (CoinDesk)What to know: Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets.U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.Speculative capital focuses on commodities exposed to potential supply disruptions and to pre-IPO bets on SpaceX.Bitcoin BTC$75,328.36 is rapidly…
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