Spot Bitcoin ETFs Record 10-Day Outflow Streak With Net Redemptions Exceeding $2.97 Billion

Spot Bitcoin ETFs logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, according to SoSoValue data cited by TradingView.

“American investors are dumping their Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) as the coin continues to underperform the stock market amid the artificial intelligence boom”

Benzinga

TradingView reported that daily outflows ranged from $70 million to $733 million across the period, with the steepest single-day exodus recorded on Wednesday at $733.43 million.

Benzinga

Total net assets held across spot Bitcoin (BTC) ETFs dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks, TradingView said.

Benzinga framed the same broader reversal as May outflows of over $2.43 billion, after adding $3.2 billion in March and April, and said Bitcoin funds lost over $1.42 billion this week after losing $1.26 billion and $1 billion in the previous two weeks.

TradingView said one analyst called the ten-day outflow streak a “contrarian indicator,” pointing to how extreme ETF outflows can signal a market bottom is near.

Santiment Intelligence, as quoted by TradingView, wrote on X that “History has shown that extreme ETF outflows typically work well as a contrarian indicator, since prices move opposite to trader expectations,” and added that the outflows reflect “peak fear, frustration, or risk aversion.”

Boursorama

Benzinga connected the outflows to rotation from cryptocurrencies to stocks, noting that the S&P 500 Index and Nasdaq 100 indices have risen by 10% and 20% this year.

Benzinga also warned that Bitcoin remains 41% below its all-time high and said the coin formed a rising wedge pattern, dropped below the 50-day Exponential Moving Average (EMA), and that the Average Directional Index (ADX) continues rising.

Beyond Bitcoin, TradingView reported that spot Ether (ETH) ETFs logged outflows across 14 consecutive trading sessions from May 11 to Friday, with daily redemptions ranging from $5.65 million to $130.62 million.

TradingView said total net assets for spot Ether ETFs fell from $13.85 billion on May 11 to $11.27 billion on May 29, a decline of roughly $2.6 billion over the period.

The eciks.org report said Bitcoin dipped below $73,000 on May 29, 2026, extending a sharp pullback after the cryptocurrency reached $82,000 just weeks earlier.

eciks.org also described leverage unwinds with “$930 million in leveraged positions liquidated in 24 hours,” and tied the pressure to regulatory frameworks including MiCA (Markets in Crypto-Assets) regulations that came into effect in May 2026.