U.S. spot bitcoin ETFs post 10-day outflow streak totaling $2.97 billion, pressuring crypto markets amid broader risk sentiment shift.
Bitcoin extended its decline as U.S. spot bitcoin ETFs recorded a record 10-session outflow streak totaling $2.97 billion through Friday. The outflows, the longest on record, coincided with sustained redemptions from ether funds, weighing on major cryptocurrencies.
Global equities hit fresh highs on Monday, driven by AI-related gains in Nvidia and SoftBank, while rising oil prices and Middle East tensions dampened broader risk appetite. The MSCI All Country World Index rose 0.2%, and Asian equities climbed 1.1% to an all-time high, with tech indexes in South Korea, Taiwan, and Japan setting records.
Nasdaq 100 futures gained 0.6% after Nvidia announced plans to enter the Windows laptop market, challenging Intel and AMD. SoftBank Group surged as much as 11% on its OpenAI and Arm holdings, offsetting pressure on digital assets.