- US spot Bitcoin ETFs recorded 13 straight trading days of net outflows, according to Cointelegraph’s report based on market data.
- The withdrawals have reached roughly $4.4 billion during the streak, while Bitcoin has traded under pressure.
- Analysts remain split on whether the move points to weaker long-term demand or a short-term rotation of Bitcoin ownership.
US-listed spot Bitcoin exchange-traded funds have reached a new outflow record, adding another sign of pressure across the digital asset market.
Cointelegraph reported that the funds posted 13 consecutive trading days of net withdrawals. An ETF, or exchange-traded fund, is a regulated investment product that lets investors get exposure to Bitcoin without directly holding the asset themselves.
According to the report, net outflows reached about $396.6 million on Wednesday. That brought total withdrawals during the current streak to roughly $4.4 billion. The previous record was eight straight trading days of outflows in February 2025.
Bitcoin has also moved lower during the same period. Cointelegraph cited market data showing that Bitcoin had fallen from around $80,000 in mid-May to about $63,400 at the time of publication. The article pointed to several possible pressure points, including weaker ETF demand, selling by long-term holders and activity from miners.
BlackRock’s iShares Bitcoin Trust was reported as the largest source of outflows during the streak, with about $3.3 billion in withdrawals. Fidelity’s Bitcoin fund and Grayscale’s Bitcoin Trust ETF also saw outflows, though on a smaller scale.
The market reaction is not being read the same way by every analyst. Some observers see the outflows as a sign that demand has cooled sharply. Others argue that ETFs and large institutional buyers remain important long-term holders, even if the market is currently volatile.
For crypto companies, token teams and investors, the main takeaway is simple: ETF flows have become one of the clearest signals to watch. Strong inflows can support market confidence, while extended outflows can add pressure and make price swings sharper.
This does not mean the long-term outlook for Bitcoin has changed on its own. It does show that demand through regulated investment products can move quickly, and that market participants should treat ETF flow data as one part of a broader risk picture.
