BlackRock's iShares Bitcoin Trust experienced a $430.8 million outflow, ending a 31-day streak of inflows.
Total net outflows across all 11 U.S. ETFs reached $616.1 million on May 30.
Bitcoin price dropped from $110,000 to near $103,000, but analysts still anticipate upward momentum.
Despite recent sell-offs, indicators suggest that Bitcoin's bullish momentum may remain intact, with potential for reaching above $120,000 in the coming weeks.