Spot Bitcoin exchange-traded funds (ETFs) have experienced an unprecedented outflow streak, with net redemptions surpassing $2.97 billion since May 15, 2026. This decline, which marks ten consecutive days of withdrawals, has led to total assets held in these ETFs dropping from $104.29 billion to $94.17 billion as of the end of last week.
The highest single-day outflow during this period occurred on Wednesday, totaling $733.43 million. This ongoing trend has broken the previous record of eight days of outflows seen early last year, which resulted in approximately $3.2 billion withdrawn from these funds.
Analysts from Santiment Intelligence suggest that such significant outflows could indicate a market bottom is nearing. They note that historical data shows extreme ETF redemptions often serve as a contrarian indicator, hinting that the prevailing investor sentiment may be overly pessimistic. The firm referenced a $904 million outflow recorded in November 2025, which preceded a market recovery, suggesting that current trends may similarly signal an approaching turnaround.