Spot Bitcoin ETFs have seen outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, which one analyst said could signal an imminent market bottom.
According to SoSoValue data, daily outflows reception from $70 million to $733 million for the entire period, with the largest one-day exodus recorded on Wednesday and amounting to $733.43 million. Total net assets held in Bitcoin (BTC) spot ETFs fell from $104.29 billion on May 15 to $94.17 billion on Friday, a decline of about $10 billion in two weeks.
The current streak surpassed the previous record of eight consecutive outflow sessions, which was set early last year and resulted in $3.2 billion in payouts on Thursday before extending to 10 days on Friday.
Spot Bitcoin ETFs have become a major measure of institutional demand since their launch in the US. In the past, immense inflows were a sign of growing optimism and increased demand, while immense outflows reflected fear and de-risking.
Related: Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses
Bitcoin ETF Outflows Signal ‘Peak Fear’
Analyst firm Santiment Intelligence said continued outflows could suggest the market bottom is coming to an end. “History has shown that extreme ETF outflows tend to work well as a contrarian indicator because prices move opposite to investor expectations,” Santiment wrote in X.
On Friday post on X, the platform argued that when immense amounts of money leave Bitcoin ETFs in a miniature period of time, it reflects “peak fear, frustration or risk aversion” among investors.
Source: Santiment Intelligence
The company pointed to a single-day outflow of almost $904 million recorded in November 2025, which occurred near the bottom of the main market before prices returned to normal. “Take the massive outflow of money as a sign that we are approaching the local bottom that some patient investors have been waiting for,” he added.
Related: Bitcoin ETF on the Edge of Net Outflow Territory in 2026
Spot ETFs are on a 14-day streak of outflows
Ether (ETH) spot ETFs also saw a broader sell-off, recording outflows in 14 consecutive trading sessions from May 11 to Friday. Daily redemptions ranged from $5.65 million to $130.62 million, with the largest single-day exit recorded on May 12 at $130.62 million. Total net assets fell from $13.85 billion on May 11 to $11.27 billion on May 29, a decline of approximately $2.6 billion over the period.
In the meantime, search for Hyperliquid ETFs (HYPE). he messed up This trend has seen inflows recorded in every session since launch on May 12. Cumulative net inflows exceeded $100 million by May 28, and total net assets increased from $1.87 million at launch to $122.20 million in just over two weeks.
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