According to SoSoValue, U.S. spot Bitcoin ETF outflows reached $2.96 billion across a record-breaking 10-day net withdrawal streak beginning May 15, flipping year-to-date flows negative for the first time in 2026. Assets under management fell from over $104 billion to roughly $94 billion, according to CoinShares data. This marks the longest sustained outflow period ever recorded for spot Bitcoin ETFs.
Markets face multiple headwinds: geopolitical tensions from the Iran conflict, the Federal Reserve expected to hold rates steady through June, and a strong-performing stock market—with the S&P 500 hitting new all-time highs on May 26 and reaching 7,620 on Monday. Bitcoin declined to $72,600, down 6% over the past week and 7% over the past month.