US-listed Bitcoin spot exchange-traded fund (ETF) experienced their largest outflow since the launch of these funds. Institutional demand for Bitcoin exposure has weakened, leading to a longer withdrawal streak.
On Thursday, the Spot Bitcoin Funds reported another $223 Million in net outflows, making it nine consecutive days of record-breaking outflows. according Farside Investors data.
This latest outflow streak has surpassed the eight-session record run of withdrawals recorded in February 2025. However, its approximately $2.84 billion cumulative withdrawals is still below the $3.2 million lost in the initial selloff.
US spot Bitcoin ETF inflows in February 2025 compared to May 2026. Source: SoSoValue
Outflows from ETFs show that the institutional appetite for Bitcoin is declining. This comes as corporate holders, such as Strategy face renewed pressure Even as new altcoins such as Hyperliquid ETFs (HYPE) continue to attract investor interest.
BlackRock IBIT has the largest outflows of $2 billion
BlackRock’s iShares Bitcoin Trust(IBIT), which is the biggest US Bitcoin ETF based upon assets, accounted a huge share of the outflows during the 9-session streak.
Between May 15th and today, the fund has seen a total outflow of approximately $2.04bn. Cointelegraph has reported that a $527.8 million withdrawal on May 27 IBIT posted its second highest daily outflow ever, only slightly below the 528.3-million record set on January 30, 2020.
Source: Wallet Pilot. BTC Holdings of all US Bitcoin ETFs at the close of Wednesday’s market. Source: Wallet Pilot
BlackRock’s Bitcoin ETF, which manages assets worth over $1 billion in the US market for Bitcoins, remains dominant despite selling pressure. IBIT’s holdings of roughly 792,000 BTC were about 62% the total US Bitcoin ETF assets as of the market closing on Wednesday. according Wallet Pilot Data
The HYPE ETFs are bucking the general slowdown
Spot Bitcoin ETFs continue to face selling pressure. newly launched HYPE ETFs Investors have been attracting new capital.
Net inflows of over $100 Million were recorded between 12 May and 5th. according SoSoValue
Daily flows of US-listed spot ETFs. Source: SoSoValue
Some altcoins funds, like spot XRP ETFs. recorded Between May 4th and Thursday, there were net gains of approximately $120 millions.
Related: Bitcoin’s major holders halt buys as demand slows: CryptoQuant
The divergence indicates a shift of crypto fund flows. While investors are withdrawing from Bitcoin and Ether ETFS, newer products, such as Hyperliquid HYPE’s HYPE token, continue to be attractive.
US Ether ETFs also face persistent sales pressure. logging There were 13 consecutive days with outflows from May 11 to Thursday. The total loss is approximately $694 Million.
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Source: cointelegraph.com
