U.S.-listed spot Bitcoin exchange-traded funds recorded a nine-day net outflow streak totaling approximately $2.8 billion [1].
This trend signals a cooling of institutional demand for Bitcoin exposure, which had previously driven significant growth for these financial products since their inception. The sustained exit of capital suggests a shift in investor sentiment toward the cryptocurrency's role in diversified portfolios.
The streak ended on May 28, 2024 [5]. This period marks the longest consecutive run of outflows since these funds launched in January 2024 [4]. It surpasses a previous record eight-session outflow run that occurred in February 2025 [6].
Total net outflows across the nine days are estimated between $2.8 billion [1] and $2.84 billion [3]. On the ninth day of the streak, which fell on a Thursday, the funds saw an additional outflow of $223 million [2].
BlackRock's IBIT fund was a significant contributor to the trend. On the final day of the streak, IBIT experienced outflows of $177.94 million [7].
Market analysts said rising inflation is a factor contributing to the weakened institutional demand [8]. The movement reflects a broader volatility in the digital asset market as investors react to macroeconomic pressures and shifting regulatory environments.
Investors have closely monitored these funds as a primary gauge for institutional adoption. The current streak represents a sharp reversal from the initial surge of inflows that characterized the early months of the ETFs' availability in the U.S. market.
“U.S.-listed spot Bitcoin exchange-traded funds recorded a nine-day net outflow streak totaling approximately $2.8 billion.”
The record outflow streak indicates that the initial wave of institutional enthusiasm for spot Bitcoin ETFs has hit a plateau or a period of correction. By surpassing the previous eight-day record, this trend suggests that macroeconomic headwinds, specifically inflation, are currently outweighing the perceived benefits of Bitcoin as a hedge, leading large-scale investors to reduce their positions.
