Bitcoin exchange-traded funds (ETFs) suffered another week of negative flows as investors pulled a staggering $1.42 billion, marking the third-largest weekly outflow on record. The heavy redemptions extended a 10-day negative streak that dominated the second half of May, intensifying concerns about short-term market sentiment.
Data from SoSoValue showed persistent selling pressure across major Bitcoin ETF products during the week ending May 29. The trend suggests a weakening institutional appetite amid broader market uncertainty. At press time, Bitcoin was priced at over $72,800, according to CoinGecko data.
Investors Pull $1.42B From Bitcoin Exposure
The week was marked by consistent withdrawals in the spot Bitcoin ETF market, with several of the largest funds experiencing significant redemptions. BlackRock’s IBIT recorded the largest outflow at $966.42 million, followed by Grayscale’s GBTC with $175.09 million and Fidelity’s FBTC with $169.15 million.
Other funds, including Bitwise’s BITB and ARK Invest’s ARKB, also ended the week with negative flows as investors continued to withdraw capital from Bitcoin-related products. Daily fund flow data indicated that selling pressure intensified during the middle of the week.
On May 26, Bitcoin ETFs saw net outflows of $333.71 million. This figure increased to $733.43 million on May 27, which was the largest single-day withdrawal during the reporting period. Outflows continued with $228.88 million on May 28 and $125.31 million on May 29, resulting in a weekly total of $1.42 billion.
Altcoin ETFs Show Selective Resilience
While Bitcoin ETFs faced heavy withdrawals, spot Ethereum ETFs also remained under pressure. According to SoSoValue data, Ethereum funds recorded $241 million in net outflows during the week, marking their third consecutive week of losses. The trend suggests that institutional investors have become increasingly cautious toward the largest digital assets as they reassess risk exposure in an uncertain market environment.
However, while sentiment around the leading cryptocurrencies weakened, demand for selected altcoin funds attracted new money from the market. For example, spot SOL ETFs gained $2.36 million in net inflows during the week. XRP ETFs welcomed $15.2 million, highlighting confidence in its real-world payment role.
Notably, the strongest performance came from HYPE ETFs, which drew $25.57 million, creating roughly $43 million in combined positive flows. The contrasting flows indicate that some investors are rotating capital away from Bitcoin and Ethereum in search of higher-growth opportunities within the broader digital asset market.
William Frederick | May 28, 2026
Jonathan Agozie | May 27, 2026
