Bitcoin ETF Outflows Near $3 Billion as 10-Day Streak Turns 2026 Flows Negative

U.S. spot Bitcoin exchange-traded funds have now posted 10 consecutive days of net outflows, the longest ever sustained withdrawal streak, pushing year-to-date flows into negative territory for the first time in 2026. The streak, which began May 15, has drained nearly $3 billion from the products, according to SoSoValue data.

Assets under management fell from $104 billion to roughly $94 billion over the 10 sessions. CoinShares called the pattern reminiscent of early 2026 selloffs, while Galaxy Research analysts described the moves as a "real directional recalibration" rather than simple hedge adjustments.

Crypto markets face multiple headwinds: geopolitical tensions tied to the Iran conflict, a restrictive Federal Reserve expected to hold rates steady through June, and a stock market that is simply outperforming. The S&P 500 hit a new record of 7,620 on Monday, driven by AI and semiconductor stocks.

Bitcoin is retreating after a failed breakout near $82,000, currently trading around $72,600, down 1.6% on the day and roughly 6% over the past week. Prediction market Myriad puts a 39% chance on Bitcoin's next move taking it to $55,000.

While capital flees Bitcoin ETFs, altcoin ETF inflows have narrowed to just five assets. XRP led with $20.3 million, followed by Hyperliquid at $10.8 million and Near at $7.6 million. Hyperliquid ETFs posted inflows for 11 consecutive days as the underlying token surged 74% over the past month.