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Bitcoin ETF Outflows Continue for 13 Straight Days and Reach $4.3B
Spot Bitcoin ETFs recorded 13 consecutive days of net capital outflows between May 15 and June 3. This is the longest outflow streak since these products were launched in early 2024.
According to Galaxy Research, the funds lost $4.33 billion and 59,351 $BTC over that period. This creates a particularly sharp contrast with April, which was the most successful month for Bitcoin ETFs in 2026. At that time, net inflows amounted to $1.97 billion.
Record Bitcoin Outflows From ETFs
If the situation is assessed not in dollars but in the number of Bitcoin, the picture looks even more revealing. According to Galaxy Research, over the past 20 trading days, investors withdrew 73,080 $BTC from spot Bitcoin ETFs, worth around $5.42 billion. For the funds, this was the largest outflow over such a period since their launch.
Records were also broken over shorter timeframes. Over the past seven days, 39,338 $BTC left ETFs, while over ten days the figure rose to 42,941 $BTC. The market had not previously recorded such large Bitcoin withdrawal volumes over these periods.
Both results became records for their respective periods.
Bitcoin ETF dynamics. Source: X / Galaxy Research.
Bloomberg senior ETF analyst Eric Balchunas noted that the roughly $4.4 billion outflow over the past month pushed year-to-date figures back into negative territory. According to him, this erased the recovery that the funds had previously managed to achieve.
However, Balchunas also noted that the market still has positive signals. BlackRock’s IBIT fund and several other ETFs continue to show positive year-to-date performance. In addition, the cumulative net inflow over the entire lifetime of spot Bitcoin ETFs remains around $55 billion, less than $10 billion below its all-time high.
“For a correction of this scale and sentiment this negative, that is not a bad result at all. A few years after the launch of GLD, gold went through a similar situation, and around 40% of the fund’s assets left at that time. So far, Bitcoin ETF investors look much more resilient. But, as Henry Hill said, these are hard times,” the analyst added.
Capital Outflows Spread Across the Entire Market
Pressure is not limited to Bitcoin ETFs. Spot Ethereum ($ETH) ETFs also recorded 17 consecutive days of net outflows, making this the longest such streak in the entire history of these products.
Read also: Arthur Hayes sold $HYPE and NEAR before the AI-IPO wave.
The situation among newer cryptocurrency funds is mixed. Hyperliquid ($HYPE) ETFs have continued to attract capital since their launch in mid-May. After its launch, the BNB ETF has so far failed to attract investor interest. Throughout its trading history, the fund has closed in positive territory only once.
Products linked to XRP and Solana have not yet shown a clear trend. Capital inflows are followed by outflows, while some trading sessions pass with almost no movement.
The simultaneous outflow of funds from Bitcoin and Ethereum ETFs suggests that major market participants are now acting more cautiously. June could become a telling month: if selling begins to weaken, it would signal renewed interest from institutional investors. If outflows continue, however, pressure on the market will remain.
See also: "XRP’s Functionality Goes Beyond Payments as XRPL Looks to Tokenise Stocks, Funds and Loans"
