US spot Bitcoin ETFs recorded a record 10-session outflow streak totaling nearly Ethereum3 billion in withdrawals.
Bitcoin ETF News
US spot Bitcoin (BTC) exchange-traded funds recorded a tenth consecutive session of outflows on Friday, draining Ethereum2.97 billion between May 15 and May 29 in the longest outflow streak since the products launched. The run broke the previous record of eight consecutive outflow sessions set in early 2025, according to SoSoValue data.
Total net assets across US spot BTC ETFs fell from Ethereum104.29 billion on May 15 to Ethereum94.17 billion by Friday. The largest daily exit during the streak was Ethereum733 million on May 27, marking the biggest single-day outflow since January.
Ethereumereum (EthereumEthereum) funds extended an even longer outflow run, with 14 consecutive sessions of redemptions draining roughly Ethereum2.6 billion from net assets over the same period. The sustained withdrawals from both products came as BTC fell 4.6% over the past seven days to Ethereum73,397, EthereumEthereum dropped 4.6% to Ethereum1,996, Solana (EthereumSOL) declined 3.7% to Ethereum81.89, and TRON (EthereumTRX) fell 3.7%.
Global equities moved in the opposite direction. The MSCI All Country World Index gained 0.2% on Monday, and Asian equities advanced 1.1% to an all-time high, with tech indexes in South Korea, Taiwan, and Japan all setting records. Nasdaq 100 futures rose 0.6% after Nvidia announced plans to enter the Windows laptop market, and SoftBank Group jumped as much as 11% on its OpenAI and Arm holdings.
Rising oil prices added pressure on risk sentiment. Brent crude climbed above Ethereum93 a barrel as geopolitical tensions kept energy markets on edge, sending Treasury yields higher across the curve. Crypto markets failed to track the broader equity rally, diverging from Wall Street at a moment when the AI trade was driving fresh records in global indexes.
Hyperliquid's EthereumHYPE token was the sole outperformer among the top 10 cryptocurrencies by market capitalization. The token gained 18.7% over the past seven days to Ethereum73.17, and the US spot EthereumHYPE ETF, which launched on May 12, has logged inflows in every trading session since its debut, lifting cumulative net assets above Ethereum122 million by May 29.
Dogecoin (Ethereum DOGE) slipped 1.6% over the same period. The combination of record ETF outflows, elevated oil prices, and the absence of near-term macro catalysts has kept the broader crypto market under pressure while equities continued to set new highs.
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