Bitcoin ETFs bleed $229M on day 9 of straight outflows!

Spot Bitcoin ETFs recorded $229 million in net outflows on May 28, extending a relentless nine-day streak of redemptions that signals sustained institutional de-risking rather than a one-off correction. The consecutive run is one of the longest sustained outflow sequences since spot BTC ETFs launched in the US.

Spot Ethereum ETFs compounded the picture, posting $121 million in net outflows on the same day — their 13th consecutive day in the red. Together, the two flagship crypto ETF categories are shedding capital in tandem, a pattern that historically precedes broader crypto market weakness when it persists beyond two weeks.

The dual-streak dynamic is the key read here: Bitcoin and Ethereum ETF outflows running simultaneously suggests the selling pressure is macro or sentiment-driven rather than asset-specific rotation.