May 20: Spot Bitcoin ETFs Record $331 Million Outflow Day

Brief SummaryBitcoin consolidating near $76,500–$77,000 after recent drop below $77k.Spot Bitcoin ETFs saw $331 million in outflows on May 19 — largest since March. IBIT led with ~$326M.Harvard fully exited its $87M Ethereum ETF position in Q1 and trimmed Bitcoin ETF holdings.Minnesota signed law allowing banks and credit unions to offer crypto custody starting August 1, 2026.New Minnesota rules require asset segregation, cybersecurity standards, and 60-day notice.Low implied volatility in Bitcoin despite price weakness and rising yields.CLARITY Act continues moving through Congress after Senate committee advancement. Hosted on Acast. See acast.com/privacy for more information.