Spot-Bitcoin exchange-traded funds in the US recorded their longest outflow streak on Tuesday, with investors pulling money for a ninth straight session. The withdrawals totaled $2.8 billion over the period, according to Bloomberg data, underscoring a sharp cooling in demand for the largest cryptocurrency.
The streak, the longest since the products debuted in early 2024, marks a stark reversal from the record inflows seen last year. The outflows persisted even as broader risk assets rallied, suggesting a bitcoin-specific sentiment shift rather than a broad de-risking move.
Bloomberg reported the cumulative $2.8 billion figure, but did not specify daily breakdowns. The nine-day run surpassed the previous record of seven consecutive days of outflows set in April 2025.
The sustained withdrawals raise questions about institutional appetite for bitcoin exposure through regulated vehicles. Analysts pointed to persistent regulatory uncertainty and bitcoin's recent price stagnation as possible drivers, though no single catalyst was cited.
Some market participants argue the outflows may reflect profit-taking after a strong first quarter rather than a structural loss of confidence. The trend bears watching as other crypto ETFs continue to attract modest inflows.