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Market Insight: Bitcoin price rose 1.5% to $64,492 in the last 24 hours.
US spot Bitcoin ETFs experienced a record-breaking streak of consecutive daily outflows throughout May 2026, marking the longest period of net redemptions since the funds launched in January 2024. Estimates of the total capital withdrawn vary between sources, with reports citing between $2.8 billion and $3.45 billion in outflows over the 9-to-11-day period. While some analysts characterize this as a tactical rebalancing by institutional investors amid rising inflation and higher interest rates, others point to a broader rotation of capital into other sectors, such as AI-related companies.
US spot Bitcoin ETFs saw their longest unbroken streak of net redemptions since their inception in early 2024.
Institutional outflows are attributed by some researchers to macroeconomic pressures, including a 3.8% inflation rate in April 2026 and rising Treasury yields.
While Bitcoin ETFs faced significant withdrawals, other digital asset products like XRP spot funds recorded net inflows during the same period.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced substantial outflows in May, though it maintains a dominant position with $55 billion in assets under management.
Market analysts suggest the current trend reflects a cautious, risk-averse rotation rather than a total rejection of Bitcoin as an asset class.
Analysts suggest that rising inflation and higher interest rates have increased the opportunity cost of holding non-yielding assets, prompting investors to rotate capital into more competitive yield-bearing assets or other sectors like AI.
Despite the record-setting streak, the $2.8 billion to $3.45 billion in outflows represents less than 8% of the over $36 billion in net inflows accumulated since the ETFs launched.
Yes, Ethereum spot ETFs also faced a ten-day streak of outflows, totaling approximately $216 million, indicating that the trend was not limited to Bitcoin.
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