US-listed spot Bitcoin exchange-traded funds (ETFs) posted their longest outflow streak since launch, extending withdrawals as institutional demand for Bitcoin publicity weakened.
Spot Bitcoin ETFs recorded one other $223 million in web outflows on Thursday, marking the file nine-day outflow streak for the reason that funds launched in 2024, in line with knowledge from Farside Traders.
The most recent streak surpassed the earlier file eight-session outflow run recorded in February 2025, although its roughly $2.84 billion in cumulative withdrawals stays under the $3.2 billion misplaced throughout the earlier selloff.
US spot Bitcoin ETF outflows in Might 2026 versus February 2025. Supply: SoSoValue
The outflows recommend institutional demand for Bitcoin publicity is weakening by means of the ETF channel, and are available as main company holders equivalent to Technique face renewed strain whilst some new altcoin merchandise like Hyperliquid (HYPE) ETFs proceed attracting investor curiosity.
BlackRock’s IBIT leads the outflows at $2 billion
BlackRock’s iShares Bitcoin Belief (IBIT), the most important US spot Bitcoin ETF by property, accounted for a large share of losses throughout the nine-session outflow streak.
The fund recorded roughly $2.04 billion in cumulative outflows between Might 15 and Thursday. As Cointelegraph reported, a $527.8 million withdrawal on Might 27 marked IBIT’s second-largest every day outflow on file, narrowly under the $528.3 million file posted on Jan. 30, 2025.
BTC holdings for all US spot Bitcoin ETFs as of market shut on Wednesday. Supply: Pockets Pilot
Regardless of the promoting strain, BlackRock’s Bitcoin ETF stays the dominant US spot Bitcoin fund by property below administration. IBIT held roughly 792,000 BTC as of market shut on Wednesday, representing about 62% of all US spot Bitcoin ETF holdings, in line with Pockets Pilot knowledge.
HYPE ETFs buck the broader slowdown
Whereas spot Bitcoin ETFs face sustained promoting strain, newly launched HYPE ETFs have continued attracting recent capital from buyers.
The merchandise recorded regular inflows between Might 12 and Thursday, with cumulative web inflows rising above $100 million, in line with SoSoValue.
Each day flows in US-listed spot HYPE ETFs. Supply: SoSoValue
Different altcoin funds equivalent to spot XRP ETFs additionally recorded regular good points over the interval, totaling roughly $120 million in web additions between Might 4 and Thursday.
Associated: Bitcoin’s main holders halt buys as demand slows: CryptoQuant
The divergence underscores a shift in crypto fund flows, with buyers pulling again from Bitcoin and Ether ETFs whereas newer merchandise tied to tokens equivalent to Hyperliquid’s HYPE proceed to draw inflows.
US spot Ether ETFs have additionally confronted persistent promoting strain, logging 13 consecutive days of outflows between Might 11 and Thursday, with cumulative losses of roughly $694 million.
Journal: Massive Questions: Do we actually solely want 2–5 cryptocurrencies?