Spot bitcoin exchange-traded funds (ETFs) have logged ten consecutive trading days of outflows, with total net redemptions exceeding $2.97 billion since May 15, a streak that one analyst said could signal a market bottom is near.
Daily emissions, according to SoSoValue data Range From $70 million to $733 million throughout the period, with Wednesday’s fastest one-day exit at $733.43 million. Total net assets held in spot bitcoin (BTC) ETFs fell from $104.29 billion on May 15 to $94.17 billion as of Friday, a drop of nearly $10 billion in two weeks.
The current streak broke the previous record of eight consecutive outflow sessions, which was set early last year, and saw $3.2 billion withdrawn on Thursday before extending to 10 days on Friday.
Spot Bitcoin ETFs have become a major gauge of institutional demand since their US launch. Large inflows have historically signaled rising optimism and rising demand, while heavy outflows reflect fear and reduced risk.
Related: Bitcoin ETFs turn negative as IBIT posts near record losses
Bitcoin ETF Exit Signals ‘Peak Fear’
Crypto analytics firm Sentiment Intelligence said the continued outflows could indicate that the bottom of the market is nearing its end. “History has shown that extreme ETF outflows generally act as a contrarian indicator, as prices move contrary to trader expectations,” Santiment wrote on X.
In Friday Post At X, the platform argued that when large amounts of money leave bitcoin ETFs in the short term, it reflects ‘greater fear, pessimism, or risk aversion’ among investors.
Source: Sentiment Intelligence
The firm pointed to single-day outflows of around $904 million recorded in November 2025, which occurred near a major market low before prices recovered. “Consider the massive money move as a sign that we are approaching the local level that some patient investors have been waiting for,” he added.
Related: Bitcoin ETFs on the Verge of Net Outflow Territory for 2026
Spot Ether ETFs have a 14-day moving average.
Spot Ether (ETH) ETFs have also been caught in a broader sell-off that logged outflows for 14 consecutive trading sessions from May 11 through Friday. Daily withdrawals ranged from $5.65 million to $130.62 million, with May 12 recording the fastest single-day exit at $130.62 million. Total net assets fell from $13.85 billion on May 11 to $11.27 billion on May 29, a decrease of about $2.6 billion over the period.
Meanwhile, spot hyperliquid (HYPE) ETFs buckle Trend, logging inflows have been in every single session since it started on May 12. Cumulative net inflows exceeded $100 million as of May 28, with total net assets rising from $1.87 million at launch to $122.20 million in just two weeks.
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