U.S. Spot Bitcoin ETF Sees $2.3B Outflows in May, Losing Capital Race to AI

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According to Cointelegraph MT research, U.S. spot Bitcoin ETF experienced net outflows of $2.3 billion in May, marking the worst month of 2026. The data reflects broader institutional capital shifting away from crypto toward artificial intelligence assets. While the S&P 500 excluding AI stocks gained only 3.5% this year, AI-related indices surged nearly 50%, driven by measurable revenue streams. The five largest U.S. tech companies are projected to spend $725 billion on AI infrastructure in 2026, with Nvidia alone generating $81.6 billion in quarterly revenue. Long-term crypto holders continue buying at $72,000 levels, with market makers reporting steady over-the-counter demand. However, research suggests crypto assets lack the quantifiable institutional revenue narrative that AI commands.
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