CoinDesk
Bitcoin fell 4.6% over the past seven days to $73,397 as U.S. spot bitcoin ETFs extended a record 10-session outflow streak totalling $2.97 billion between May 15 and May 29, according to SoSoValue data. The run, headlined by a $733 million single-day exit on May 27 — the largest single-session redemption since January — broke the prior record of eight consecutive outflow sessions set in early 2025. Total net assets across U.S. spot bitcoin ETFs fell from $104.29 billion on May 15 to $94.17 billion by Friday.
Why it matters
Ether ETFs are running an even longer 14-session outflow streak, with roughly $2.6 billion drained from net assets over the same window. The slide has played out against a backdrop of record-setting global equities: the MSCI All Country World Index gained 0.2% on Monday, Asian equities advanced 1.1% to an all-time high, and bellwether tech indexes in South Korea, Taiwan and Japan all set records. Nasdaq 100 futures rose 0.6% after Nvidia said it would enter the Windows laptop market in direct competition with Intel and AMD, while SoftBank Group jumped as much as 11% on its OpenAI and Arm holdings — putting it on track to become Japan's most valuable listed company.
The macro lift crypto has been waiting on is no longer obviously coming. Brent crude climbed above $93 a barrel as efforts to reopen the Strait of Hormuz stalled, sending Treasuries lower across the curve and complicating the risk-on picture that has powered traditional equities.
Market impact
The divergence between equities and crypto is the story. Ether fell 4.6% over the same window to $1,996, solana dropped 3.7% to $81.89, and TRON's TRX slid 3.7%, per CoinDesk data. The lone outlier in the top 10 by market value was Hyperliquid's HYPE token, which gained 18.7% over the past seven days to $73.17; its U.S. spot ETF, launched May 12, has logged inflows in every single trading session since, lifting cumulative net assets above $122 million by Friday.
Frequently asked questions
-
How much have spot bitcoin ETFs lost in outflows?
U.S. spot bitcoin ETFs lost a record $2.97 billion across 10 consecutive trading sessions between May 15 and May 29, 2026, according to SoSoValue data — breaking the prior record of eight consecutive outflow sessions set in early 2025.
-
What was the largest single-day spot bitcoin ETF outflow?
Spot bitcoin ETFs saw $733 million in outflows on May 27, 2026, the largest single-session redemption since January 2026, according to SoSoValue.
-
Why did bitcoin drop while global equities rallied?
Bitcoin fell 4.6% to $73,397 over the past week as record ETF outflows and a stalled Iran ceasefire pushed Brent crude above $93 a barrel. Meanwhile global equities hit record highs, driven by Nvidia's Windows laptop push and SoftBank's 11% jump on its OpenAI and Arm holdings.
-
Are ether ETFs also seeing outflows?
Yes. U.S. spot ether ETFs are on a 14-session outflow streak, with roughly $2.6 billion drained from net assets between May 15 and May 29, 2026 — a longer streak than the bitcoin ETFs.
-
Which crypto asset outperformed during the slide?
Hyperliquid's HYPE token gained 18.7% over the past seven days to $73.17, and its U.S. spot ETF — launched May 12 — has logged inflows in every trading session since, lifting cumulative net assets above $122 million by Friday.
TheBlock
WuBlockchain
WatcherGuru
CryptoSlate
Lookonchain