Bernstein stated that despite the $2.6 billion ETF outflow, Bitcoin's fundamentals remain strong. The leading cryptocurrency, Bitcoin (BTC), experienced a sharp decline after rising above $82,000 in the first weeks of May, and recently fell below $60,000. This decline was also reflected in ETFs, with a net outflow of $1.72 billion from US spot Bitcoin ETFs last week. This was the largest weekly outflow recorded since February 2025. Total outflows for 2026 reached $2.6 billion.