Bitcoin ETF Losses Near $3B Across 10 Days as YTD Flows Turn Negative
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- U.S. spot Bitcoin ETFs recorded a 10‑day net outflow streak of $2.96 billion, the longest on record, beginning May 15.
- U.S. spot Bitcoin ETFs saw assets under management drop from roughly $104 billion to $94 billion, flipping year‑to‑date net inflows from $57 billion to $55.66 billion.
- CoinShares likened the sell‑off to the early‑2026 January‑February withdrawal wave, and Galaxy Research called it a “real directional recalibration” rather than routine hedge adjustments.
- Bitcoin slipped to roughly $72,600, down 1.6% after a failed breakout near $82,000, and has fallen about 6% in the past week.
- S&P 500 continued to set fresh all‑time highs (7,620 on Monday), driven by AI and semiconductor stocks, adding market‑wide pressure on crypto assets.
Why it matters: Crypto investors lose roughly $10 billion in ETF value as $2.96 billion exits, while AI and semiconductor stocks ride the S&P 500 rally, tightening liquidity for Bitcoin ETFs and pressuring Bitcoin’s price.
