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Bitcoin stayed under pressure on Monday after U.S. spot bitcoin ETFs logged a record 10 straight trading days of net outflows through May 29.
The funds lost $2.97 billion during the streak, while BTC traded around $73,000 after falling 4.6% over seven days.
10-Day ETF Outflow Streak Breaks 8-Day Record
The 10-day outflow run broke the previous record of eight consecutive withdrawal sessions set earlier this year.
The streak has weakened ETF demand during Bitcoin’s latest price decline. The funds had been one of the main channels for regulated U.S. exposure since spot Bitcoin ETFs launched.
ETF Assets Fall From $104.29B to $94.17B
Total net assets across U.S. spot Bitcoin ETFs fell from $104.29 billion on May 15 to $94.17 billion by Friday.
The largest single-day outflow occurred on May 27, when the funds lost $733 million, marking the biggest one-day withdrawal since January.
Bitcoin Falls Near $73K While AI Stocks Rise
Bitcoin’s decline stood out because global equities continued to move higher. The MSCI All-World Index rose 0.13% on Monday and traded near record highs.
Nasdaq futures also rose 0.5% after last week’s record U.S. closes, as investors continued to favor AI-linked equities. Bitcoin, Ether and Solana all fell over the past week instead of following the broader equity rally.
Early June Flows Will Test ETF Demand
The next ETF flow reports in early June will show whether the 10-day outflow streak has started to ease.
If withdrawals continue, Bitcoin’s low-$70,000 range will remain the main near-term level to watch. A slowdown in outflows would give traders a clearer sign that ETF selling pressure is easing.
