Bitcoin ETFs Experience Unprecedented 10-Day Withdrawal Streak, Expert Suggests It May Signal Bottom
Bitcoin exchange-traded funds registered an unprecedented 10 consecutive days of withdrawals amounting to approximately $3 billion, as Ethereum ETFs experienced outflows for 14 straight trading sessions.
Exchange-traded funds tracking spot Bitcoin have witnessed withdrawals spanning ten straight trading sessions, with aggregate net redemptions surpassing $2.97 billion starting from May 15, a pattern that one market analyst suggests could indicate an approaching market floor.
Data compiled by SoSoValue reveals that outflows on a daily basis varied between $70 million and $733 million throughout this timeframe, with the most significant single-day withdrawal occurring on Wednesday when $733.43 million exited the funds. The total net assets under management in spot Bitcoin (BTC) ETFs have contracted from $104.29 billion recorded on May 15 to $94.17 billion by Friday's close, representing approximately $10 billion in losses across a two-week span.
This ongoing withdrawal pattern surpassed the prior record of eight straight outflow days, which took place in early last year and witnessed $3.2 billion in redemptions, on Thursday, subsequently extending to 10 sessions by Friday's conclusion.
Since their introduction to US markets, spot Bitcoin ETFs have emerged as a crucial indicator of institutional appetite. Substantial inflows have traditionally indicated rising confidence and heightened demand, whereas significant outflows demonstrate apprehension and risk reduction behavior.
Bitcoin ETF outflows signal 'peak fear'
Santiment Intelligence, a cryptocurrency analytics company, indicated that the persistent outflows could suggest the market floor is approaching its conclusion. "History has shown that extreme ETF outflows typically work well as a contrarian indicator, since prices move opposite to trader expectations," Santiment wrote on X.
Through a Friday post on X, the analytics platform contended that when substantial capital exits Bitcoin ETFs within a compressed timeframe, it represents 'peak fear, frustration, or risk aversion' among market participants.
The analytics company highlighted the approximately $904 million single-session outflow documented in November 2025, which materialized in proximity to a significant market trough before valuations rebounded. "Consider the massive level of money moving out as a sign that we are getting closer to the local bottom some patient investors have been waiting for," it added.
Spot Ether ETFs see 14-day outflow streak
Exchange-traded funds tracking spot Ether (ETH) have similarly been swept up in the wider market downturn, recording redemptions throughout 14 consecutive trading sessions spanning from May 11 through Friday. Withdrawals each day fluctuated from $5.65 million to $130.62 million, with the largest single-session departure documented on May 12 when $130.62 million was withdrawn. Aggregate net assets declined from $13.85 billion on May 11 to $11.27 billion as of May 29, representing a decrease of approximately $2.6 billion across the timeframe.
In contrast, spot Hyperliquid (HYPE) ETFs defied the prevailing pattern, registering inflows during each individual session following their debut on May 12. Total net inflows surpassed $100 million by May 28, with aggregate net assets rising from $1.87 million at the initial launch to $122.20 million within slightly more than two weeks.