Bitcoin ETF outflows nine-day streak marked a record run: US spot bitcoin ETFs recorded nine consecutive trading days of net outflows, with about $2.8 billion withdrawn from these funds. The nine-day streak is the longest since January 2024. The streak occurred while Bitcoin’s price fell from about $80,000 to $73,000 and as S&P 500 breadth showed only a few stocks carrying the market, with the index near an all-time high around 7,568.
US spot bitcoin ETFs recorded nine consecutive trading days of net outflows, totaling about $2.8 billion withdrawn from these funds over the nine sessions. The nine-day streak is the longest since January 2024. During the period, U.S. spot bitcoin ETFs shed roughly $1.3 billion this week and saw about $2.3 billion in outflows month-to-date. Weekly outflows in mid-May started at about $1 billion and rose to about $1.3 billion by the current week.
BlackRock’s iShares Bitcoin Trust (IBIT) registered its largest single-day outflow since launch earlier in the week. Galaxy Research noted that one day in the sequence was the worst net outflows from Bitcoin ETFs this year and ranked as the fifth-worst day of all time. The 14-day moving average of ETF flows tends to trough near turning points, according to Glassnode. Bitcoin’s price moved from about $80,000 to roughly $73,000 during the same period.
The bullets above compile the reported metrics and notable events tied to the nine-day outflow streak. The summary presents reported figures and documented observations from the reporting period. No additional interpretation is provided.
During the recent period marked by substantial ETF outflows, Bitcoin’s price declined from about $80,000 to $73,000, reflecting a 5.4% drop over the past week and month. Historical corrections have seen Bitcoin prices at around $60,000 in February and approximately $85,000 in November. The market context during this downturn also included Micron’s stock experiencing a remarkable 207% surge following an endorsement by Donald Trump, which increased its market capitalization to roughly $1 trillion within five days.
Additionally, the S&P 500 index showed a concentrated market rally, with only a few stocks, particularly AI-related firms and entities within the MAG7 group, significantly contributing to market advances. The index remained near an all-time high at approximately 7,568, indicating concentrated market leadership amidst broader uncertainty.
Long-term holder supply reached a record 15.8 million BTC, and short-term holder supply fell by about 2.2 million BTC since December. Approximately 900,000 BTC of Coinbase reserves crossed the 155-day long-term-holder threshold by sitting still. Myriad assigned a 59% probability that WTI crude could move toward $120. Bankinter analysts said, “The expectations of a de-escalation in geopolitical tension and the normalization of the Strait of Hormuz are reducing pressure on oil prices.”
Overall, the article documents an extended outflow streak from US spot bitcoin ETFs marked by significant fund withdrawals and coinciding market movements. The episode coincided with a notable retreat in bitcoin prices, shifts in holder supply metrics, and large single-day ETF redemptions at major providers. Market breadth signals and concentrated equity leadership were reported alongside surging activity in specific stocks. These developments were presented as reported facts without interpretation.
