CoinEx News: U.S. spot Bitcoin and Ether ETFs closed May under redemption pressure, with CoinEx-reviewed data showing about $2.43 billion in Bitcoin ETF net outflows and $540.8 million in Ether ETF net outflows across May reporting sessions. NYDIG also said IBIT’s roughly $1.26 billion block sale likely reflected a large investor’s rapid exit from Bitcoin exposure, not a standard basis-trade unwind.

Although the proposed 60-day U.S.-Iran ceasefire extension has not received final public confirmation from Trump or Iranian leadership, oil prices have already pulled back on ceasefire expectations. The lower oil-price backdrop has not lifted Bitcoin ETF demand, suggesting macro relief alone has not been enough to reverse institutional outflows.