Bitcoin ETF Outflows Hit 13-Day Streak as $4.3 Billion Exits the Funds
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded 13 consecutive days of internet outflows from May 15 to June 3, the longest such streak since the merchandise launched in early 2024.
The funds shed $4.33 billion and 59,351 BTC over that span, based on Galaxy Research. The promoting marks a pointy reversal from April, the funds’ strongest month of 2026, when inflows hit $1.97 billion.
The Records Mount as Bitcoin Exits Pile Up
The depth is extra noticeable in cash than in {dollars}. Galaxy Research discovered the 20-day trailing window reached $5.42 billion and 73,080 BTC, the heaviest reading ever in both measures.
The 7-day and 10-day home windows every set new data for the most Bitcoin outflows, at 39,338 BTC and 42,941 BTC, respectively.
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Bloomberg senior ETF analyst Eric Balchunas mentioned the roughly $4.4 billion that exited over the previous month dragged year-to-date flows again into negative territory, undoing a restoration the funds had labored to attain.
However, Balchunas famous a silver lining. BlackRock’s IBIT and some friends stay optimistic year-to-date, and whole lifetime internet inflows nonetheless sit close to $55 billion, lower than $10 billion under the high-water mark.
“Not dangerous in any respect for such a drawdown and unfavourable sentiment, gold went down like this a couple of yrs after GLD debuted and 40% of the property left, a lot stronger holders right here thus far). But yeah, to cite Henry Hill, that is the dangerous instances,” he added.
A Market-Wide Retreat
The strain extends past Bitcoin. Ethereum (ETH) ETFs have additionally posted 17 straight outflow days, their longest streak on record.
Performance amongst newer merchandise is blended. Hyperliquid (HYPE) funds have continued drawing inflows since their mid-May debut, whereas the lately launched BNB ETF has seen just one optimistic day. XRP and Solana (SOL) merchandise present scattered inflows and outflows, with flat classes.
The matching data throughout the two largest crypto ETFs level to a broad risk-off shift. Whether June flows stabilize will sign how sturdy institutional conviction stays.
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