Bitcoin ETFs Suffer Record 10-Day Outflow of Nearly $3 Billion
0xBroomberg
U.S. Bitcoin spot ETFs bled $2.97 billion over 10 straight trading days, while an AI-driven rally pushed global equities to fresh highs — capital is voting with its feet, rotating from crypto into tech.
Where is the money going?
From May 15 to 29, U.S. Bitcoin spot ETFs saw cumulative net outflows of $2.97 billion, breaking the previous record of 8 consecutive days set in early 2025.
May 27 alone accounted for $733 million in outflows — the largest single-day exit since January.
This means → total net assets dropped from $104.29 billion to $94.17 billion, nearly a tenth erased in 10 trading days.
Is Ethereum faring even worse?
Ethereum spot ETFs have posted net outflows for 14 consecutive trading days — four more than Bitcoin.
Net assets fell by roughly $2.6 billion over the same period.
In plain terms = money is not just leaving Bitcoin; it is leaving the entire crypto-ETF complex.
How far have prices fallen?
Over the past 7 days, Bitcoin dropped 4.6% to $73,397; Ethereum fell 4.6% to $1,996.
Solana lost 3.7% to $81.89; DOGE slipped 1.6% to $0.1001.
The lone exception in the top ten by market cap: Hyperliquid's HYPE token, up 18.7% to $73.17 — its spot ETF, listed May 12, has drawn net inflows every trading day since launch, with cumulative net assets exceeding $122 million.
What is powering the AI rally?
The MSCI World Index rose 0.2%; Asian equities climbed 1.1% to all-time highs, with tech indices in South Korea, Taiwan, and Japan all hitting records.
Nvidia announced a push into Windows laptops; SoftBank surged as much as 11% on its OpenAI and Arm holdings, putting it on track to become Japan's most valuable listed company.
This reflects a market where the dominant consensus trade is AI, not crypto. Capital has made a clear choice between the two.
Is the macro backdrop helping or hurting?
Brent crude climbed back above $93 a barrel as U.S.–Iran ceasefire talks stalled and efforts to reopen the Strait of Hormuz showed little progress.
Rising oil prices pushed the U.S. Treasury yield curve higher across maturities; the macro tailwinds the market had been pricing in are no longer clear.
Put simply = oil up → rate expectations up → risk assets under pressure. Crypto, as the most marginal risk asset, takes the first hit, and persistent ETF outflows are further suppressing any rebound momentum.
Content is for reference only, not financial advice.