Bitcoin ETFs just set a 10-session outflow record. Wall Street picked AI, and $2.97B left.
Bitcoin ETFs posted outflows for two straight weeks while equities hit records on AI. The split from the usual risk-on trade is the real story.
CryptoVibe Desk · bitcoin · etf · outflows
- →U.S. spot bitcoin ETFs logged 10 consecutive outflow sessions through May 29, draining $2.97B and breaking the previous eight-session record set in early 2025, per SoSoValue data cited by CoinDesk.
- →The streak landed while global equities hit fresh records on AI-related strength and Brent crude crossed $93, marking a sharp break from bitcoin's usual role as the risk-on trade.
- →Watch whether U.S. spot bitcoin ETF net assets recover above $100B before the end of June; failure to do so would confirm structural rotation rather than a short-term pause.
- spot ETF → A fund traded on a stock exchange that holds actual bitcoin, so when investors buy or sell shares, the fund buys or sells real bitcoin.
- outflow → When investors pull money out of a fund, forcing it to sell assets to return the cash.
U.S. spot bitcoin ETFs just logged 10 straight outflow sessions. SoSoValue data shows $2.97B left the funds between May 15 and May 29. Per CoinDesk, that breaks the previous record of eight consecutive outflow sessions set in early 2025. The rest of the market was going up.
The worst single day was May 27: $733M exited in one session. Total net assets fell from $104.29B on May 15 to $94.17B by Friday.
Ether ETFs are in worse shape. Spot ether funds hit 14 straight outflow sessions and drained roughly $2.6B over the same window, according to CoinDesk.
Global equities hit fresh records last week on AI-related strength. Brent crude crossed $93 on stalled Iran talks. Bitcoin fell 4.6% to $73,397 over seven days, per CoinDesk. The risk-on trade went somewhere else.
One counter-signal: Hyperliquid's HYPE gained 18.7% over seven days to $73.17. The HYPE spot ETF reportedly drew inflows in every session since its May 12 launch. One outlier doesn't change the tape.
If you're watching ETF flow data, that's the only number that matters this week. Ten sessions of sustained selling while everything else went up.
BlackRock's flow data shows $2.97B out. It doesn't show who sold. That distinction matters: institutional rotation and retail panic have different half-lives. For now, the aggregate number doesn't split them.
Watch whether U.S. spot bitcoin ETF net assets recover above $100B before the end of June; failure to reclaim that level would confirm structural rotation, not just a pause.
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