Updated
Updated · Bloomberg · May 29
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?