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What happened Nearly $3 billion gone. Spot Bitcoin ETFs just posted a historic 10-day outflow streak, and the number is… Read the original on Bitcoin and Ether ETFs Bleed Nearly $3 Billion Over 10-Day

Bitcoin and Ether ETFs Bleed Nearly $3 Billion Over 10-Day Exodus

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Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’ Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total 

Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’
Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 7, a streak that one analyst says may signal a market bottom is near.According to data from SoSoValue, daily outflows ranged from $70 million to $733 million across the period, with the steepest single-day exodus recorded on Wednesday at $733.43 million. Total net assets held across spot Bitcoin (BTC) ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks.
The current streak surpassed the previous record of eight consecutive outflow sessions recorded in early last year, which saw $3.2 billion in withdrawals.
Spot Bitcoin ETFs have become a major gauge of institutional demand since their US launch. Large inflows have historically signaled growing optimism and increased demand, while heavy outflows reflect fear and de-risking.

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Spot Bitcoin ETFs see record 10-day outflow streak

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