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U.S. spot Bitcoin ETFs posted a total net outflow of $125 million on May 29, according to SoSoValue data — marking the 10th consecutive day of net outflows. The streak is no longer a blip; it is a sustained withdrawal pattern that points to deteriorating institutional appetite at current price levels.
U.S. spot Ethereum ETFs extended their own losing run to 14 consecutive days of net outflows, shedding $17.91 million in the same session. Ethereum's streak is the longer of the two and reflects a market where even the second-largest asset by cap is failing to attract fresh institutional capital.
Back-to-back multi-week outflow streaks across both flagship spot ETF products signal that the macro and sentiment backdrop is weighing on the entire digital-asset complex, not just individual names.
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