Spot Bitcoin (CRYPTO: BTC) ETFs have recorded nine consecutive days of net outflows, the longest withdrawal streak since launch in January 2024, pulling roughly $2.8 billion from the complex.
Three Consecutive Weeks Of Outflows, $2.3B Gone In May Alone This week alone has seen $1.3 billion exit the funds, extending a three-week outflow streak.
Monthly withdrawals now stand at roughly $2.3 billion as Bitcoin fell from $80,000 to $73,000 over the same period.
This is the most sustained period of institutional selling since Bitcoin ETFs launched.
The selling goes beyond Bitcoin's price drop.
