Bitcoin ETFs dey extend 9-day outflows as Ethereum ETFs dey bleed for 13 days

Bitcoin ETFs extend their redemption streak again on May 28, recording about $229M net outflows and pushing the run to 9 days. Over the 9-day stretch, Bitcoin ETFs saw roughly $2.84B total outflows, leaving cumulative net inflows down to about $55.79B. Total spot Bitcoin ETF net assets fell to about $94.25B, while daily trading volume rose to about $2.36B. The biggest single-day outflow in the run was $733.4M on May 27. The outflow pressure on Bitcoin ETFs is said to reflect weaker institutional demand and a broader macro risk reset, including higher long-end Treasury yields that cool rate-cut expectations and uncertainty tied to sticky inflation data. Ethereum ETFs also stayed under pressure. On May 28, spot Ethereum ETFs posted about $121.4M net outflows, marking 13 consecutive trading days of outflows. Since May 11, cumulative outflows are around $694.6M, with total net assets near $11.30B. The May 28 outflow was about 1.07% of Ethereum ETF net assets—suggesting relatively heavier pressure versus its asset base. The article also flags weaker Bitcoin-specific demand signals (e.g., strategy pausing new purchases after a preferred stock trade below par). For crypto traders, persistent Bitcoin ETF net outflows remain a near-term headwind for BTC, while Ethereum’s larger outflow-to-AUM ratio raises the risk of ETH lagging versus BTC if outflows continue.