Bitcoin ETFs bleed $483M in a day as 11-day outflow streak…

U.S. spot bitcoin ETFs posted $483.8 million in net outflows on Monday, extending a negative streak to an 11th consecutive trading day. BlackRock's IBIT led the exodus with $440.3 million in redemptions, while Morgan Stanley's MSBT was the sole bright spot, logging just $6.14 million in net inflows. The cumulative toll over the 11-day run now stands at $3.45 billion.

Why it matters

The streak follows May's $2.43 billion in monthly net outflows — the largest monthly outflow since November 2025 — and is being driven by a deteriorating macro backdrop. Bitrue Research Institute's research lead Andri Fauzan Adziima pointed to rising inflation, elevated Treasury yields, and fading rate-cut expectations as the catalysts pushing institutions to rotate out of crypto ETFs and into assets like AI-related equities. "The ongoing outflows, now stretching over 10 straight days, point to clear market weakness," Adziima said. "This reflects sustained institutional caution and steady selling pressure. It is bearish in the short term and increases the risk of further downside."

Market impact

Bitcoin fell to a low of approximately $70,200 late Monday before stabilizing around $70,750, down 3.6% over the prior 24 hours. Analysts tied the decline to U.S.-Iran geopolitical tensions and Strategy's recent BTC sale — the firm's first in multiple years — which Adziima said "damaged the corporate 'buy and hold' story and accelerated the recent decline." He expects further consolidation and a test of lower levels in the near term, though he characterized the current outflow trend as a "prudent risk-off" move rather than an outright rejection of Bitcoin.