In brief – U.S. spot Bitcoin ETF outflows reached $2.96 billion across a record-breaking 10-day net withdrawal streak. – AUM across spot Bitcoin ETFs fell from $104 billion to $94 billion in 10 sessions, with CoinShares calling the pattern reminiscent of early 2026 selloffs. -…
tcoin ETF inflows collapsed to five assets, though Hyperliquid, XRP, and Near funds still attracted capital amid the broader exodus. U.S. spot Bitcoin exchange-traded funds have now posted 10 consecutive days of net outflows, extending their longest ever sustained withdrawal streak and pushing year-to-date flows into negative territory for the first time in 2026
The streak, which began on May 15, has drained nearly $3 billion from the products, according to SoSoValue data. It marks a third consecutive week of outflows across all digital asset investment products—a pattern that CoinShares described as reminiscent of a January−to−February episode that produced five straight weeks of withdrawals, in their recent report. Assets under management across spot Bitcoin ETFs have fallen to roughly $94 billion, down from over $104 billion at the start of the streak.
The scale of the selloff goes beyond routine profit-taking, with Galaxy Research analysts assessing the outflow trend earlier in the streak and characterizing the moves as “real directional recalibration” rather than hedge adjustments, Decrypt previously reported. That assessment has only hardened as the streak deepened, with cumulative net inflows since inception sliding from $57 billion at the start of the year to $55.66 billion—flipping the 2026 ledger negative. Multiplying headwinds Crypto markets are contending with multiple headwinds simultaneously: geopolitical tensions related to the Iran conflict, a restrictive Federal Reserve that markets expect to hold rates steady through June, and—perhaps most consequentially—a stock market that is simply outperforming.