2 weeks ago
US-listed spot Bitcoin exchange-traded funds (ETFs) posted their longest outflow streak since launch, extending withdrawals arsenic organization request for Bitcoin vulnerability weakened.
Spot Bitcoin ETFs recorded different $223 cardinal successful nett outflows connected Thursday, marking the grounds nine-day outflow streak since the funds launched successful 2024, according to information from Farside Investors.
The latest streak surpassed the erstwhile grounds eight-session outflow tally recorded successful February 2025, though its astir $2.84 cardinal successful cumulative withdrawals remains beneath the $3.2 cardinal mislaid during the earlier selloff.
US spot Bitcoin ETF outflows successful May 2026 versus February 2025. Source: SoSoValue
The outflows suggest organization request for Bitcoin vulnerability is weakening done the ETF channel, and travel arsenic large firm holders specified arsenic Strategy look renewed pressure adjacent arsenic immoderate caller altcoin products similar Hyperliquid (HYPE) ETFs proceed attracting capitalist interest.
BlackRock’s IBIT leads the outflows astatine $2 billion
BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, accounted for a monolithic stock of losses during the nine-session outflow streak.
The money recorded astir $2.04 cardinal successful cumulative outflows betwixt May 15 and Thursday. As Cointelegraph reported, a $527.8 cardinal withdrawal connected May 27 marked IBIT’s second-largest regular outflow connected record, narrowly beneath the $528.3 cardinal grounds posted connected Jan. 30, 2025.
BTC holdings for each US spot Bitcoin ETFs arsenic of marketplace adjacent connected Wednesday. Source: Wallet Pilot
Despite the selling pressure, BlackRock’s Bitcoin ETF remains the ascendant US spot Bitcoin money by assets nether management. IBIT held astir 792,000 BTC arsenic of marketplace adjacent connected Wednesday, representing astir 62% of each US spot Bitcoin ETF holdings, according to Wallet Pilot data.
HYPE ETFs subordinate the broader slowdown
While spot Bitcoin ETFs look sustained selling pressure, newly launched HYPE ETFs person continued attracting caller superior from investors.
The products recorded dependable inflows betwixt May 12 and Thursday, with cumulative nett inflows rising supra $100 million, according to SoSoValue.
Daily flows successful US-listed spot HYPE ETFs. Source: SoSoValue
Other altcoin funds specified arsenic spot XRP ETFs besides recorded dependable gains implicit the period, totaling astir $120 cardinal successful nett additions betwixt May 4 and Thursday.
Related: Bitcoin’s large holders halt buys arsenic request slows: CryptoQuant
The divergence underscores a displacement successful crypto money flows, with investors pulling backmost from Bitcoin and Ether ETFs portion newer products tied to tokens specified arsenic Hyperliquid’s HYPE proceed to pull inflows.
US spot Ether ETFs person besides faced persistent selling pressure, logging 13 consecutive days of outflows betwixt May 11 and Thursday, with cumulative losses of astir $694 million.
Magazine: Big Questions: Do we truly lone request 2–5 cryptocurrencies?
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