US spot Bitcoin ETFs hemorrhaged $334 million on May 26, according to data from SoSoValue. That figure translates to roughly 4,374 to 4,404 BTC walking out the door in a single trading session.
Ethereum spot ETFs weren’t spared either, posting a $35 million net outflow on the same day.
A brutal stretch gets worse
Earlier in May, Bitcoin ETFs saw even larger single-day redemptions: $649 million on May 18 and $635 million on May 13.
Cumulative weekly outflows during mid-to-late May surpassed $1.2 billion. That marks the heaviest weekly drain from US spot Bitcoin ETFs since late January, when a similar wave of redemptions rattled the market.
