Bitcoin volatility drops to a nine month low, with a net outflow of $1 billion from US spot ETFs

According to Bloomberg, the Bitcoin Volmex implied volatility index fell to 36.11 on Monday, the lowest since September last year and close to the lowest level since 2023, reflecting market expectations for a 30 day decline in Bitcoin volatility. In addition, the US spot Bitcoin ETF experienced a net outflow of approximately $1 billion in May, ending two consecutive months of net inflow trend. Caroline Mauron, co-founder of Orbit Markets, stated that retail interest is shifting towards other trading opportunities.