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Bitcoin Spot ETF Outflows Hit Record $2.84B Over 9 Days, ETH Sees 13-Day Drawdown

GateNews
Capital FlowStocksOn-Chain Data
BTC0.32%
ETH0.11%
IBIT-2.1%
HYPE3.29%

According to Cointelegraph, U.S. spot Bitcoin ETFs experienced net outflows for nine consecutive trading days as of May 30, totaling approximately $2.84 billion, marking the longest losing streak since the product's launch in 2024. BlackRock's IBIT was identified as a primary source of outflows.

Ethereum spot ETFs saw similar pressure, with net outflows over 13 consecutive days reaching approximately $694 million. Meanwhile, Hyperliquid-related ETFs and select XRP spot ETFs recorded inflows, indicating a shift in institutional demand across crypto assets.

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