US Spot Bitcoin ETFs Shed $2.8 Billion in 9-Day Outflow Streak as Demand Cools
Updated
Updated · Bloomberg · May 29
US Spot Bitcoin ETFs Shed $2.8 Billion in 9-Day Outflow Streak as Demand Cools
1 articles · Updated · Bloomberg · May 29
$2.8 billion left US spot-Bitcoin ETFs between May 15 and May 28, extending withdrawals to nine straight trading sessions.
That run is the longest redemption streak since the funds launched in January 2024, a sharp reversal for products once seen as one of Wall Street's strongest ETF debuts.
The outflows point to cooling demand for Bitcoin even as broader risk assets continue to rally, highlighting a divergence between crypto appetite and the wider market.
Is this record Bitcoin ETF outflow a sign of institutional retreat or a strategic reset for the next rally?
With ETFs tying Bitcoin to market whims, has it lost its value as a true alternative asset?