PANews reported on May 23 that Alex Thorn, head of research at Galaxy, pointed out in an article published on the X platform that spot Bitcoin exchange-traded products (ETPs) continued to experience capital outflows this week, with a net outflow of $1.2 billion, marking the third worst weekly performance so far in 2026, reflecting a further increase in market risk aversion.

Alex Thorn, head of research at Galaxy, wrote on the X platform that spot Bitcoin exchange-traded products continued to see outflows this week, with a net outflow of $1.2 billion, making it the third worst weekly performance so far in 2026, indicating that market risk aversion is still rising.