Bitcoin ETFs Log Record 10-Day Outflow Streak of $2.97B

Ether ETFs bleed for 14 consecutive sessions as Hyperliquid debuts to inflows

Spot Bitcoin ETFs experienced their longest consecutive outflow streak on record, shedding $2.97 billion over ten trading days through Friday, May 30. The streak surpassed a previous record of eight consecutive outflow sessions recorded in early last year, when $3.2 billion exited Bitcoin ETF products.

The Bitcoin ETF outflow streak began May 15, when total net assets stood at $104.29 billion. By Friday, assets had fallen to $94.17 billion, a $10 billion decline over two weeks. The steepest single-day exodus occurred Wednesday, when $733.43 million left Bitcoin ETF products. Daily outflows ranged from $70 million to $733 million during the streak, according to data from SoSoValue.

Spot Ether ETFs logged a parallel but longer redemption sequence. Outflows began May 11 and continued for 14 consecutive trading sessions through Friday. Total Ether ETF net assets fell from $13.85 billion on May 11 to $11.27 billion on May 29, a $2.6 billion decline. The steepest single-day Ether ETF exit occurred May 12, the day Spot Hyperliquid ETFs launched, when $130.62 million redeemed. Daily Ether ETF outflows ranged from $5.65 million to $130.62 million.

Spot Hyperliquid ETFs, which debuted May 12, moved against the broader trend. The new product logged inflows every trading session since launch. By May 28, cumulative inflows had crossed $100 million. Net assets grew from $1.87 million at launch to $122.20 million in just over two weeks.

Crypto analytics firm Santiment Intelligence characterized the sustained outflows as a potential contrarian signal. “History has shown that extreme ETF outflows typically work well as a contrarian indicator, since prices move opposite to trader expectations,” Santiment Intelligence stated. The firm cited a November 2025 precedent: a single-day outflow of $904 million occurred close to a major market low before prices recovered.

Santiment Intelligence added: “Consider the massive level of money moving out as a sign that we are getting closer to the local bottom some patient investors have been waiting for.”

Spot Bitcoin ETFs have served as a primary institutional demand barometer since their US launch. Historical patterns show large inflows signal growing optimism and increased demand, while heavy outflows typically reflect fear and de-risking among institutional holders. The current streak’s magnitude and duration mark a significant shift in fund flows after months of relative stability in the Bitcoin ETF market.

The Ether ETF outflow sequence ended Friday after two weeks of continuous redemptions, while Bitcoin ETF outflows persisted through the close of trading on May 30.