Bitcoin ETFs see 10-day outflow streak, totaling $3 billion

Key facts

• U.S. spot Bitcoin ETFs recorded 10 consecutive trading days of net outflows.
• Total redemptions since mid-May reached approximately $2.9-3.0 billion.
• This is the longest outflow streak since the ETFs launched in January 2024.
• Combined net assets of U.S. spot Bitcoin ETFs decreased from $104.3 billion to $94.2 billion.
• Cumulative net inflows since the ETFs' launch remain positive.

The recent 10-day outflow streak from U.S. spot Bitcoin ETFs, totaling nearly $3 billion, represents the longest sustained period of redemptions since their launch. This trend has compressed the total net assets of these products significantly. However, the article highlights that cumulative inflows since January 2024 remain positive, suggesting that these outflows may represent some investors taking profits or rebalancing rather than a complete abandonment of the asset class.