U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.

U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as…