Bitcoin ETFs Hit Ninth Consecutive Day of Outflows as $228 Million Exits

The US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a ninth consecutive session of web outflows on May 28, with $228.88 million leaving the 13-fund complicated as BlackRock’s IBIT shed $177.94 million.

The streak has now pulled greater than $2 billion from spot Bitcoin merchandise since May 14, reversing weeks of accumulation as hawkish Federal Reserve indicators and rising oil costs weigh on danger property.

Institutional Selling Accelerates

BlackRock’s iShares Bitcoin Trust drove the majority of Wednesday’s exits with $177.94 million in web redemptions, in response to SoSoValue knowledge. Grayscale’s GBTC adopted with $26.19 million pulled, whereas Fidelity’s FBTC noticed $19.16 million in outflows.

Despite the promoting, the 13 US spot Bitcoin ETFs nonetheless maintain a mixed $94.25 billion in web property, equal to roughly 6.39% of the overall Bitcoin market capitalization. Cumulative web inflows since launch stay at $55.79 billion, suggesting the current withdrawals have trimmed fairly than erased earlier institutional accumulation patterns.

Bitcoin traded at $73,504 on the time of writing, down 5.39% over the previous seven days and roughly 42% beneath its October 2025 report above $126,000, in response to BeInCrypto price data.

Market individuals level to a hawkish Fed pivot and ongoing US-Iran tensions as the first drivers of institutional withdrawals. Goldman Sachs just lately pushed its forecast for the following Fed fee lower to December 2026, whereas oil costs have lifted core inflation again above the Fed’s 2% goal.

Whether the streak extends right into a tenth session will depend upon Thursday’s stream knowledge, which arrives after US markets shut.

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