Spot Bitcoin ETFs Log 10-Day Outflows, $2.97B Withdrawn

Spot Bitcoin exchange-traded funds recorded ten straight trading days of net outflows totaling more than $2.97 billion since May 15, trimming combined assets across the funds from $104.29 billion to $94.17 billion, SoSoValue data show.

Daily redemptions during the streak ranged from about $70 million to $733.43 million, with the largest single-day withdrawal of $733.43 million posted on Wednesday. The run surpassed the prior record of eight consecutive outflow sessions from early last year, which saw roughly $3.2 billion withdrawn.

Crypto analytics firm Santiment flagged the pattern as a contrarian indicator. Santiment wrote on social media, “History has shown that extreme ETF outflows typically work well as a contrarian indicator, since prices move opposite to trader expectations.” The firm pointed to a nearly $904 million single-day outflow in November 2025 that occurred close to a market low.

Spot Ether exchange-traded funds also experienced sustained outflows, logging 14 consecutive trading sessions of net redemptions from May 11 through Friday and shedding about $2.6 billion. Daily withdrawals for Ether ETFs ranged from roughly $5.65 million to a $130.62 million single-day outflow on May 12, and total assets fell from $13.85 billion to $11.27 billion over the period.

By contrast, spot Hyperliquid (HYPE) ETFs have recorded inflows every trading session since their May 12 debut. Net inflows surpassed $100 million by May 28, and assets under management rose from $1.87 million at launch to about $122.20 million in just over two weeks.

U.S.-listed spot Bitcoin ETFs launched in early 2024. Market participants monitor daily flow data as a near-real-time gauge of institutional demand for digital assets.