U.S. spot Bitcoin exchange-traded funds have now posted 10 consecutive days of net outflows, extending their longest ever sustained withdrawal streak and pushing year-to-date flows into negative territory for the first time in 2026.
Assets under management across spot Bitcoin ETFs have fallen to roughly $94 billion, down from over $104 billion at the start of the streak.
That assessment has only hardened as the streak deepened, with cumulative net inflows since inception sliding from $57 billion at the start of the year to $55.66 billion—flipping the 2026 ledger negative.
Multiplying headwindsCrypto markets are contending with multiple headwinds simultaneously: geopolitical tensions related to the Iran conflict, a restrictive Federal Reserve that markets expect to hold rates steady through June, and—perhaps most consequentially—a stock market that is simply outperforming.
While capital flees Bitcoin ETFs, CoinShares reported that altcoin participation in weekly flows is now concentrated in just five assets, down from eleven three weeks ago. But the assets still attracting capital paint a different picture: XRP led with $20.3 million, followed by Hyperliquid at $10.8 million and Near at $7.6 million.
