US Bitcoin Spot ETFs Post Net Outflows on Nearly Every Day Since May 7

Glassnode on-chain data shows that US Bitcoin spot ETFs have recorded net outflows on almost every trading session since May 7, a streak now stretching beyond two weeks. The latest reading puts net flows at roughly -$101.5 million in the most recent 24-hour window, consistent with the persistent drip that has characterised the past fortnight.

The pattern is notable because it represents a sustained institutional de-risking rather than a single-day event. Across the 11 covered products — including BlackRock's IBIT, Fidelity's FBTC, Grayscale's GBTC, and Ark/21 Shares' ARKB — aggregate holdings have been shrinking without a visible demand offset to absorb the released supply.

Whether this reflects macro caution, profit-taking after Bitcoin's spring rally, or simple portfolio rebalancing remains unclear from flow data alone.