Bitcoin ETFs Experience Record Nine-Day Outflow Amidst Market Challenges
Bitcoin News: Bitcoin ETFs Post Record Nine-Day Outflow Streak Totaling $2.84 Billion — The Longest Since Launch
Image: Binance
US-listed spot Bitcoin ETFs have faced nine consecutive days of outflows totaling $2.84 billion, marking the longest streak since their January 2024 launch. BlackRock's iShares Bitcoin Trust accounts for over $2 billion of this total, indicating significant institutional selling pressure amid a complex macroeconomic environment.
- 01BlackRock's iShares Bitcoin Trust experienced approximately $2.04 billion in outflows over nine days, with a peak daily outflow of $527.8 million on May 27.
- 02Ethereum ETFs also faced challenges, with 13 consecutive days of outflows totaling around $694 million, coinciding with a drop below $2,000.
- 03The current outflow streak surpasses the previous record of eight days set in February 2025, although the total amount lost remains below the earlier $3.2 billion.
- 04Institutional investors are reallocating funds, as evidenced by net inflows of approximately $120 million into spot XRP ETFs during the same period.
- 05Market conditions are complicated by high rate hike odds, geopolitical tensions, and significant portions of Bitcoin supply being underwater.
Advertisement
In-Article Ad
US-listed spot Bitcoin ETFs have recorded an unprecedented nine-day streak of net outflows, totaling $2.84 billion, the longest since their introduction in January 2024. BlackRock's iShares Bitcoin Trust has been particularly impacted, with over $2 billion in redemptions, including a notable $527.8 million outflow on May 27, marking its second-largest daily outflow. This trend is mirrored in the Ethereum ETF market, which has seen 13 consecutive days of outflows amounting to $694 million. The simultaneous outflows from both Bitcoin and Ethereum ETFs suggest a broader institutional reassessment of crypto allocations, as investors shift towards alternative tokens like XRP, which saw $120 million in inflows. The current outflow streak, while historically significant, occurs against a backdrop of heightened macroeconomic uncertainty, including potential Federal Reserve rate hikes and geopolitical tensions, which may influence institutional demand moving forward.
Advertisement
In-Article Ad
The ongoing outflows from Bitcoin and Ethereum ETFs may lead to increased volatility in the cryptocurrency market, affecting both retail and institutional investors.
Advertisement
In-Article Ad
Reader Poll
What do you think about the recent outflows from Bitcoin and Ethereum ETFs?
Connecting to poll...
More about BlackRock
Read the original article
Visit the source for the complete story.