Yesterday, Bitcoin spot ETFs saw a total net outflow of $70.4655 million, marking the 4th consecutive day of net outflows.
According to SoSoValue data, yesterday (May 20th, US Eastern Time), the total net outflow of Bitcoin spot ETFs was $70.4655 million.
The Bitcoin spot ETF with the largest single-day net inflow yesterday was Morgan Stanley ETF MSBT, with a single-day net inflow of $1.1107 million. Currently, the total historical net inflow of MSBT has reached $234.00 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $61.4516 million. Currently, the total historical net inflow of IBIT has reached $64.946 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $101.117 billion, and the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 6.49%, with a total historical net inflow of $57.290 billion.
[Foresight News]
ECB Governing Council member Rehn: If the situation worsens, it may be necessary to raise interest rates to safeguard credibility
ECB Governing Council member Rehn stated that, in adverse scenarios, it may be necessary to raise interest rates to safeguard the central bank’s credibility, adding that the current trajectory is moving toward such an adverse scenario.
[Odaily]
Bitcoin Spot ETF saw a total net outflow of 70.47M USD yesterday, marking a 4 days of consistent outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 70.47M USD yesterday (Eastern Time, May 20th).
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley’s ETF MSBT, with a daily net inflow of 1.11M USD, and the total historical net inflow of MSBT currently stands at 233.81M USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock’s ETF IBIT, with a daily net outflow of 61.45M USD, and the total historical net inflow of IBIT currently stands at 64.95B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 101.12B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.49%. The historical cumulative net inflow has reached 57.29B USD.
Source: https://sosovalue.com/zh/assets/etf/us-btc-spot
Transit attackers have deposited 832.9 ETH, approximately $1.80 million, into Tornado.Cash
On May 21, according to CertiK monitoring, the attacker of the cross-chain aggregation protocol Transit Finance deposited 832.9 ETH—approximately $1.8 million—into Tornado.Cash from an Ethereum address beginning with 0x9db8.
Earlier, on May 13, news reported that Transit Finance was hacked, resulting in the theft of approximately $1.88 million.
[PANews]
Intuit Adds to Tech’s AI Layoff Tally, Cutting 17% of Workforce
Global financial technology firm Intuit will eliminate roughly 3,000 roles, about 17% of its global workforce. The firm disclosed the cuts the same day it reported third-quarter revenue of $8.6 billion, up 10%.
According to the memo seen by Reuters, the move comes as the firm seeks to focus on artificial intelligence bets and streamline operations. Affected US staff will exit on July 31 and will receive 16 weeks of base pay, plus two weeks for each year of tenure.
The company flagged restructuring costs of about $300 million to $340 million, the bulk of which will be recognized in the fiscal fourth quarter, which closes July 31, 2026. Intuit is also winding down offices in Reno, Nevada, and Woodland Hills, California.
Despite the workforce reduction, Intuit raised its full-year revenue guidance to $21.34 billion to $21.37 billion, signaling 13% to 14% growth. The Intuit announcement landed on the same day Meta cut roughly 8,000 jobs as part of its planned 10% workforce reduction.
Standard Chartered, Block, Amazon, Dune, and Pinterest have all cited AI-driven efficiency in earlier rounds this year. According to Layoffs.fyi, more than 140 tech companies have shed over 111,000 roles in 2026.
[Reuters]
Brent crude oil’s intraday gain widened to 1.00%, currently trading at USD 103.31 per barrel.
According to Gate data, Brent crude oil’s intraday gains have expanded to 1.00%, now trading at $103.31 per barrel.
[Odaily Planet Daily News]
AMD Announces Next-Generation EPYC Processor “Venice” to be Mass-Produced Using TSMC’s 2nm Process
On May 21st, Advanced Micro Devices (AMD) announced that its next-generation AMD EPYC (Xiaolong) central processing unit, codenamed “Venice (威尼斯)”, has officially started mass production. The chip uses TSMC’s most advanced 2nm process technology and is the industry’s first 2nm product to enter mass production in the field of high-performance computing (HPC).
In addition, AMD plans to extend the 2nm process of its data center CPUs to subsequent new products “Verano”.
[Golden Ten Data]
The Transit Finance attacker deposited 832.9 ETH into Tornado Cash, worth approximately $1.8 million.
According to CertiK Alert monitoring, the Transit Finance attacker has deposited 832.9 ETH, worth approximately 1.8 million USD, into Tornado Cash from the Ethereum address 0x9db…32B.
[Odaily Planet Daily]
Data: A wallet associated with Galaxy Digital purchased 158,100 HYPE in the last 2 hours, worth approximately $8.80M.
According to Lookonchain monitoring, multiple whales or institutions are buying HYPE.
Wallet 0xBED9, associated with Galaxy Digital, has purchased 158,100.00 HYPE ($8.80M) in the past 2 hours.
Newly created wallet 0x4CBB has withdrawn 536,247.00 HYPE ($29.87M) from Coinbase in the past 2 days.
[ChainCatcher]
Ethereum spot ETF had a total net outflow of $28.1395 million yesterday, marking the 8th consecutive day of net outflows.
According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $28.1395 million yesterday (May 20, Eastern Time).
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock’s Staked ETH ETF (ETHB), with a single-day net inflow of $4.3933 million; ETHB’s cumulative net inflow to date stands at $515 million.
The Ethereum spot ETF with the highest single-day net outflow yesterday was BlackRock’s ETF (ETHA), with a single-day net outflow of $30.9358 million; ETHA’s cumulative net inflow to date stands at $11.667 billion.
[PANews]
SEC Seeks Public Comment on Prediction Market ETFs, Launch of Related Products May Be Delayed
The U.S. SEC is seeking public comment on prediction market ETFs and is delaying the approval process for related “novel ETFs.”
SEC Chairman Paul Atkins stated that “new products bring new problems,” and regulators need to further assess the impact of such products. Previously, Bitwise, Roundhill, and GraniteShares had submitted applications for prediction market ETFs, which would track the outcomes of events such as U.S. elections.
Bloomberg ETF analyst Eric Balchunas stated that the SEC is currently cautiously evaluating prediction market ETFs, similar to how it previously handled spot crypto ETFs.
[Odaily]
Data: Bitcoin spot ETFs saw a total net outflow of $70.4655 million yesterday, marking the fourth consecutive day of net outflows.
According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $70.4655 million yesterday (May 20, U.S. Eastern Time).
The Bitcoin spot ETF with the highest single-day net inflow yesterday was Morgan Stanley’s ETF MSBT, which saw a net inflow of $1.1107 million; MSBT’s cumulative historical net inflow now stands at $234 million.
The Bitcoin spot ETF with the highest single-day net outflow yesterday was BlackRock’s ETF IBIT, which recorded a net outflow of $61.4516 million; IBIT’s cumulative historical net inflow now stands at $64.946 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs is $101.117 billion, the ETF net asset ratio (i.e., the ratio of ETF market cap to Bitcoin’s total market cap) is 6.49%, and the cumulative historical net inflow has reached $57.29 billion.
[ChainCatcher]
Newly created wallet withdrew $7.96M USD worth of ZEC from Binance
According to Lookonchain monitoring, a newly created wallet t3TFwP has just withdrawn 11,827 ZEC from Binance, worth approximately 7.96 million USD.
[Odaily Planet Daily News]
Binance Alpha will airdrop today at 20:00, requiring 230 Alpha points.
Binance Alpha will airdrop today at 20:00. Users with at least 230 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully allocated or the airdrop expires.
More details will be announced soon.
[Foresight News]
The Transit attacker has deposited 832.9 ETH, worth approximately $1.80M, into Tornado Cash.
According to CertiK monitoring, the attacker of the cross-chain aggregation protocol Transit Finance has deposited 832.9 ETH, worth approximately 1.8 million USD, into Tornado Cash.
[Foresight News]
Ethereum spot ETFs had a total net outflow of $28.1395 million yesterday, continuing the net outflow for 8 days.
According to SoSoValue data, yesterday (May 20th, US Eastern Time), the total net outflow of Ethereum spot ETFs was $28.14 million.
Yesterday, the Ethereum spot ETF with the largest single-day net inflow was Blackrock’s Staked ETH ETF ETHB, with a single-day net inflow of $4.39 million. Currently, ETHB’s total historical net inflow has reached $515.00 million.
Yesterday, the Ethereum spot ETF with the largest single-day net outflow was Blackrock ETF ETHA, with a single-day net outflow of $30.94 million. Currently, ETHA’s total historical net inflow has reached $116.67 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $12.24 billion, and the ETF net asset ratio (market value as a percentage of the total market value of Ethereum) reached 4.75%, with a total historical net inflow of $116.55 billion.
[Odaily]
Cambodian Police Raid Prince Plaza in Phnom Penh, Detaining Over 100 People
On May 21st, according to Caixin.com, the disposal of assets related to Chen Zhi, the founder of Prince Group in Cambodia, has accelerated after he was escorted back to China.
According to the Cambodian Phnom Penh Post, police recently raided Prince Plaza in Phnom Penh, which was suspected of operating telecommunications fraud, and detained more than 100 people, including 82 Chinese nationals. Law enforcement agencies also seized a large number of electronic devices, including 800 mobile phones and more than 100 computers. The Cambodian Anti-Hi-Tech Crime Committee stated that, according to preliminary investigations, these suspects are suspected of defrauding victims in Cambodia and other countries through fake investments.
Prior news indicated that the Hong Kong High Court had approved a restriction order against Chen Zhi and 42 other individuals and companies, freezing approximately HKD 9.00B in assets. This includes Chen Zhi’s 13 bank accounts in Hong Kong, as well as 17 British Virgin Islands (BVI) and Hong Kong companies that he actually controls.
[PANews]
Today’s Market Pulse
The dominant theme today is the sustained outflow from crypto spot ETFs, with Bitcoin recording its fourth consecutive day of net outflows and Ethereum its eighth consecutive day, indicating investor caution in the current market environment.
Key Themes
Crypto ETF Capital Flight
What’s happening: Bitcoin spot ETFs recorded $70.4655 million in net outflows yesterday, marking the fourth consecutive day of redemptions, while Ethereum spot ETFs saw $28.1395 million in outflows, extending their streak to eight days. BlackRock’s IBIT and ETHA led the outflows, with $61.45M and $30.94M respectively. Why it matters: Despite being the market’s largest issuers, BlackRock’s products are experiencing significant outflows, potentially indicating broader institutional sentiment shift. Near-term implication: Sustained outflows may pressure Bitcoin and Ethereum prices in the short term, though total ETF NAV remains substantial at $101.117B for Bitcoin and $12.24B for Ethereum.
Regulatory Crosscurrents
What’s happening: The SEC is seeking public comment on prediction market ETFs, delaying potential approvals, while an ECB Governing Council member suggests rate hikes may be necessary if economic conditions worsen. Why it matters: Regulatory uncertainty continues to weigh on the market, with the SEC showing caution on novel products after approving crypto spot ETFs. Near-term implication: Delayed approvals for prediction market ETFs could create uncertainty for related crypto projects, while potential rate hikes may further pressure risk assets including cryptocurrencies.
Whale Activity and Security Incidents
What’s happening: The Transit Finance hacker has deposited $1.8M worth of ETH into Tornado Cash, while Galaxy Digital purchased $8.8M worth of HYPE tokens, and a new wallet withdrew $7.96M worth of ZEC from Binance. Why it matters: Whale activity remains a key market driver, with institutional players making significant token purchases, while security incidents highlight ongoing risks in the DeFi space. Near-term implication: Large whale transactions can create price volatility, while the use of privacy mixers like Tornado Cash may attract regulatory scrutiny.
RichSilo Verdict
Smart money should monitor the ETF outflow trend as a key sentiment indicator, particularly whether the streak continues or reverses. Potential catalysts include upcoming Fed meetings and inflation data, while risks include further regulatory developments and sustained outflows from spot ETFs. The Galaxy Digital HYPE acquisition suggests some institutional players are selectively accumulating, potentially indicating opportunities in undervalued altcoins despite broader market caution.
