The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
A record streak of outflows from US spot Bitcoin ETFs signals waning appetite for crypto exposure through regulated vehicles. According to data from aped.ai, the funds saw nine consecutive days of net withdrawals through May 29, totaling $2.84 billion — the longest and largest withdrawal streak since the ETFs launched in January 2024.
Sign in to access this content
Sign InThe outflows come as Bitcoin prices have retreated from all-time highs, prompting profit-taking and rotation into other assets, per market reports. Prior to the streak, Bitcoin ETFs had enjoyed net inflows for most of the year, but the recent reversal underscores a shift in sentiment, partly driven by macro uncertainty. Notably, Canadian inflation came in hotter than expected at 3.2% year-on-year on June 22, and Fed Governor Waller spoke the same day, adding to cautious tones.
Bitcoin has weakened further in recent sessions as the outflow pressure persists. Traders are now watching for signals from major central banks, particularly the Fed, which could influence risk appetite. Upcoming US jobs data and inflation readings will be key in determining whether capital flows return to digital assets.