Spot Bitcoin ETFs have recorded a streak of outflows lasting ten straight days. The funds have shed nearly $3 billion during this period. An analyst describes the trend as a potential contrarian indicator.
The outflows mark a record for the spot Bitcoin ETF sector. Nearly $3 billion has left the funds over the course of the ten days in a row of redemptions. This streak stands out as the longest continuous period of withdrawals observed so far.
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U.S. spot bitcoin ETFs have seen nine straight days of net outflows, the longest such streak since the funds launched in January 2024. Investors withdrew about $2.8 billion over the period, with $1.3 billion exiting this week alone.
US spot Bitcoin ETFs experienced their largest weekly outflow in five months, shedding $1 billion and ending a six-week streak of inflows. The reversal comes as hotter inflation data prompted investors to reassess risk exposure.
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US spot Bitcoin ETFs have recorded net inflows for a sixth consecutive week. The funds have attracted a combined 3.4 billion dollars since April 2.
Bitcoin has dipped to 73,000 dollars even with continued ETF inflows and shrinking exchange reserves. The cryptocurrency lost momentum after reaching 83,000 dollars in May. Ethereum traded below 2,000 dollars under similar pressure.
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Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.
U.S. spot XRP exchange-traded funds attracted $25.8 million in net inflows on Monday, marking the biggest single-day total since early January. The surge lifted cumulative net inflows to a new all-time high of $1.35 billion. XRP traded at $1.47 after rising 1.2 percent over 24 hours.
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Rising US Treasury yields reached 5.18 percent on May 20, pressuring Bitcoin prices below $80,000. Spot Bitcoin ETFs recorded net outflows of about 14,000 BTC in the latest week.