Spot Bitcoin exchange-traded funds (ETFs) registered in the U.S. have recorded their longest streak of outflows since their inception. Amid waning interest from institutional investors in Bitcoin assets, the withdrawal of funds from these financial instruments is accelerating. This is reported by Cointelegraph.com reports .
According to Farside Investors, spot Bitcoin ETFs saw another $223 million in net outflows on Thursday. This marks the ninth consecutive day of decline since the funds began operations in 2024, setting a record. In total, $2.84 billion has been withdrawn during this period.
BlackRock's iShares Bitcoin Trust (IBIT), the largest fund by asset volume, accounted for the bulk of these losses. From May 15 to Thursday, approximately $2.04 billion flowed out of this fund. Nevertheless, IBIT maintains its market leadership, holding nearly 62% of all spot Bitcoin ETF assets.
While Bitcoin ETFs remain under selling pressure, the newly launched Hyperliquid (HYPE) ETFs are attracting investor attention. According to SoSoValue, these products have seen steady inflows since May 12, with net inflows exceeding $100 million.
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