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.
The sustained selling pressure coincides with bitcoin trading near $73,500, down roughly 5 percent for the month of May. Data from SoSoValue tracked the outflows through Thursday, extending a run of three consecutive weeks of net redemptions that now totals about $2.3 billion for the month.
