Spot Bitcoin ETFs See 11-Day Outflow Streak as Investors Pull $2.4 Billion in May

U.S. spot Bitcoin exchange traded funds are under sustained selling pressure, extending their negative flow streak to 11 consecutive trading days after recording heavy withdrawals in May.

ETFs Record $483 Million Daily Outflows

On Monday alone, spot Bitcoin ETFs saw approximately $483.8 million in net outflows, according to SoSovalue data. The majority of the selling came from BlackRock’s IBIT, which accounted for more than $440 million in redemptions during the session. Morgan Stanley’s MSBT was the only fund to post inflows, adding a modest $6.14 million.

Over the past 11 trading days, total cumulative outflows have reached around $3.45 billion, highlighting sustained institutional selling pressure across the sector.

May Marks Strongest Monthly Exit Since 2025

The downturn follows a broader trend in May, when Bitcoin ETFs recorded $2.43 billion in net outflows the largest monthly withdrawal since November 2025. Analysts link the trend to rising inflation concerns, higher Treasury yields, and fading expectations of near-term interest rate cuts.

Market observers also note that institutional investors appear to be rotating capital away from crypto exposure and into high-growth sectors such as artificial intelligence equities.

Macro Pressures Weigh on Bitcoin Price

Bitcoin itself continued to trade under pressure, briefly dropping to around $69,900 before stabilizing near $70,750. The asset has fallen almost 4% in 24 hours amid broader macroeconomic uncertainty and geopolitical tensions.

Analysts suggest that recent corporate Bitcoin activity and ETF outflows have weakened sentiment, reinforcing a short term risk off environment. While some view the trend as temporary repositioning rather than structural rejection of Bitcoin, near-term volatility is expected to persist.