U.S. spot bitcoin ETFs report 13 consecutive sessions of redemptions, totaling $4.37 billion since mid-May amid broader crypto fund outflows.
U.S. spot bitcoin ETFs extended their outflow streak to 13 sessions, shedding $4.37 billion since mid-May as total assets fell to $82.83 billion from $104.29 billion. BlackRock’s IBIT led Wednesday’s redemptions with $342.34 million in outflows, while Fidelity’s FBTC lost $54.26 million.
Ether, solana, and XRP ETFs have also joined the redemption wave, reversing earlier inflows as crypto prices decline. Bitcoin traded near $65,462, reflecting a broader market downturn. Only Hyperliquid’s HYPE ETFs reported net inflows, attracting competition from Grayscale.
The sustained outflows have weighed on market sentiment, with Citi noting the negative impact of bitcoin ETF redemptions. The streak marks a sharp reversal from earlier inflows that drove record asset growth in the sector.