Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive buying and selling days, with complete web redemptions exceeding $2.97 billion since Might 15, a streak that one analyst says could sign a market backside is close to.
Based on information from SoSoValue, day by day outflows ranged from $70 million to $733 million throughout the interval, with the steepest single-day exodus recorded on Wednesday at $733.43 million. Whole web belongings held throughout spot Bitcoin (BTC) ETFs have dropped from $104.29 billion on Might 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks.
The present streak broke the previous record of eight consecutive outflow classes, which was recorded in early final 12 months and noticed $3.2 billion in withdrawals, on Thursday, earlier than extending to 10 days on Friday.
Spot Bitcoin ETFs have turn out to be a serious gauge of institutional demand since their US launch. Massive inflows have traditionally signaled rising optimism and elevated demand, whereas heavy outflows replicate worry and de-risking.
Associated: Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses
Bitcoin ETF outflows sign ‘peak worry’
Crypto analytics agency Santiment Intelligence mentioned the sustained outflows could recommend the market backside is nearing an finish. “Historical past has proven that excessive ETF outflows sometimes work effectively as a contrarian indicator, since costs transfer reverse to dealer expectations,” Santiment wrote on X.
In a Friday post on X, the platform argued that when massive quantities of cash depart Bitcoin ETFs over a brief interval, it displays ‘peak worry, frustration, or danger aversion’ amongst buyers.
Supply: Santiment Intelligence
The agency pointed to the almost $904 million single-day outflow recorded in November 2025, which occurred near a serious market low earlier than costs recovered. “Take into account the large degree of cash shifting out as an indication that we’re getting nearer to the native backside some affected person buyers have been ready for,” it added.
Associated: Bitcoin ETFs on Brink of Net Outflow Territory For 2026
Spot Ether ETFs see 14-day outflow streak
Spot Ether (ETH) ETFs have additionally been caught within the broader selloff, logging outflows throughout 14 consecutive buying and selling classes from Might 11 to Friday. Each day redemptions ranged from $5.65 million to $130.62 million, with the steepest single-day exit recorded on Might 12 at $130.62 million. Whole web belongings fell from $13.85 billion on Might 11 to $11.27 billion on Might 29, a decline of roughly $2.6 billion over the interval.
In the meantime, spot Hyperliquid (HYPE) ETFs bucked the development, logging inflows each single session since launching on Might 12. Cumulative web inflows crossed $100 million by Might 28, with complete web belongings climbing from $1.87 million at launch to $122.20 million in simply over two weeks.
Journal: Guide to the top and emerging global crypto hubs — Mid-2026
