Bitcoin ETFs see 10-day outflow streak, totaling $3 billion
IN SHORT
U.S. spot Bitcoin ETFs experienced a 10-day net outflow streak, marking the longest since their January launch. Total redemptions reached approximately $2.9-3.0 billion, reducing combined net assets from $104.3 billion to $94.2 billion. Despite these outflows, cumulative inflows since launch remain positive.
Key Numbers
10consecutive trading days of net outflows
$2.9-3.0 billiontotal redemptions since mid-May
$104.3 billioncombined net assets before outflow streak
$94.2 billioncombined net assets after outflow streak
January 2024launch date of U.S. spot Bitcoin ETFs
$1.42 billionoutflows last week
Who's Involved
U.S. spot Bitcoin ETFs
Experienced a 10-day consecutive net outflow streak
CoinGlass
Data provider for ETF outflows and net assets
Institutional investors
Redeeming shares, leading to underlying Bitcoin sales
Strategy
Corporate holder of Bitcoin that sold 32 BTC
Michael Saylor
Leader of Strategy, a major Bitcoin holder
