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US spot Bitcoin exchange-traded funds posted a 13th consecutive session of net outflows on Wednesday, stretching the longest withdrawal streak in the products' history and draining $4.4 billion from the cohort since May 15. The previous record stood at roughly seven consecutive outflow days — meaning the current run has nearly doubled it, Kraken Chief Strategy Officer Thomas Perfumo said on X.
The cohort has shed $4.33 billion since the streak began, equivalent to approximately 59,351 BTC, Galaxy Research reported via Wu Blockchain. Per-session data from Farside Investors show 12 of the sessions produced $4.07 billion in combined net redemptions, with BlackRock's iShares Bitcoin Trust (IBIT) responsible for the largest share throughout.
Total net assets across the cohort fell from roughly $104 billion on May 15 to about $83 billion on Wednesday, a $21 billion decline that combines outflows with Bitcoin's 21% price drop over the same period, per SoSoValue. Bitcoin was trading near $63,926 on Thursday, off 4.1% on the day and 49% below its October 2025 all-time high of $126,080, CoinGecko data show.
