U.S. Spot Bitcoin ETFs Lose $2.96B in 10-Day Outflows
U.S. spot Bitcoin ETFs posted a record 10-day net outflow streak, shedding $2.96 billion and cutting AUM from about $104 billion to $94 billion, flipping 2026 YTD flows negative.
U.S. spot Bitcoin exchange-traded funds recorded ten consecutive days of net outflows beginning May 15, removing $2.96 billion and reducing assets under management from roughly $104 billion to about $94 billion, according to aggregated fund-flow data. The run turned year-to-date flows for 2026 negative, with cumulative inflows since inception falling from about $57 billion to $55.66 billion.
Market movements coincided with several factors. Observers pointed to rising tensions related to the Iran conflict, expectations that the Federal Reserve will keep interest rates unchanged through June, and a U.S. stock market that reached fresh highs led by a small group of artificial intelligence and semiconductor stocks. Micron’s share price rose more than 200% after a high-profile endorsement in late May.
Bitcoin weakened after a failed breakout near $82,000 and traded around $72,600 in recent sessions, down about 1.6% on the day, roughly 6% over the past week and 7% over the past month. A prediction market placed a roughly 39% probability on Bitcoin’s next major move taking it to $55,000.
Flows into altcoin-focused ETFs narrowed to five assets from eleven three weeks earlier. XRP-led products drew about $20.3 million, Hyperliquid attracted $10.8 million and Near funds received $7.6 million. Hyperliquid ETFs posted 11 consecutive days of inflows, coinciding with a rise in the HYPE token of about 15% over the past week and 74% over the past month. NEAR increased roughly 80% over the last month amid updates tied to privacy features and AI integrations.
Across the broader set of digital asset investment products, three consecutive weeks of net redemptions were recorded. Assets under management for U.S. spot Bitcoin ETFs declined by about $10 billion over the 10-session streak.
CoinShares called the outflow pattern “reminiscent of early 2026 selloffs.” Galaxy Research described the selling as “a real directional recalibration” rather than hedge adjustments.
Fund-level data show persistent withdrawals from Bitcoin ETFs alongside selective inflows into a small group of altcoin funds.
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