Bitcoin Price and ETF Outflows
As of May 29, 2026, Bitcoin (BTC) is priced at $73,252.50, down 0.3% over the past 24 hours. Institutional investors have pulled $2.8 billion from Bitcoin exchange-traded funds (ETFs), marking a record nine-day streak of outflows that began on May 15. This includes a significant single-day loss of $733.43 million recorded on May 27, driven largely by $527.84 million in outflows from BlackRock’s iShares Bitcoin Trust ETF. This decline has led Bitcoin to drop below $74,000 for the first time in six weeks.
Ether and Altcoin Performance
Ether (ETH) is currently priced at $2,007.88, trending down 0.6% over the last day. Other notable altcoins include XRP at $1.32 (down 1.1%) and Solana at $81.90 (down 1%).
New Developments in the Crypto Space
FalconX has filed for a confidential initial public offering (IPO) with the SEC, targeting a market debut later this year amidst a freeze in the IPO pipeline for several crypto firms. Additionally, Tether’s US-focused stablecoin, USAT, saw its circulating supply grow by 540% month-over-month, reaching $140.8 million by April 30. Meanwhile, Paxos Securities has received SEC registration to operate as a clearing agency, and SoFi has launched its stablecoin, SoFiUSD, now available to its 14.7 million members.
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