Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded 13 consecutive days of net outflows from May 15 to June 3, the longest such streak since the products launched in early 2024.
The funds shed $4.33 billion and 59,351 BTC over that span, according to Galaxy Research. The selling marks a sharp reversal from April, the funds’ strongest month of 2026, when inflows hit $1.97 billion.
The Records Mount as Bitcoin Exits Pile Up
The intensity is more noticeable in coins than in dollars. Galaxy Research found the 20-day trailing window reached $5.42 billion and 73,080 BTC, the heaviest reading ever in both measures.
The 7-day and 10-day windows each set new records for the most Bitcoin outflows, at 39,338 BTC and 42,941 BTC, respectively.
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Bloomberg senior ETF analyst Eric Balchunas said the roughly $4.4 billion that exited over the past month dragged year-to-date flows back into negative territory, undoing a recovery the funds had worked to achieve.
However, Balchunas noted a silver lining. BlackRock’s IBIT and a few peers remain positive year-to-date, and total lifetime net inflows still sit near $55 billion, less than $10 billion below the high-water mark.
“Not bad at all for this type of drawdown and negative sentiment, gold went down like this a few yrs after GLD debuted and 40% of the assets left, much stronger holders here so far). But yeah, to quote Henry Hill, this is the bad times,” he added.
A Market-Wide Retreat
The pressure extends beyond Bitcoin. Ethereum (ETH) ETFs have also posted 17 straight outflow days, their longest streak on record.
Performance among newer products is mixed. Hyperliquid (HYPE) funds have continued drawing inflows since their mid-May debut, while the recently launched BNB ETF has seen only one positive day. XRP and Solana (SOL) products show scattered inflows and outflows, with flat sessions.
The matching records across the two largest crypto ETFs point to a broad risk-off shift. Whether June flows stabilize will signal how durable institutional conviction remains.
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