U.S. Spot Bitcoin ETFs Post Ninth Day of Outflows

U.S. spot Bitcoin exchange-traded funds recorded a ninth consecutive session of net outflows on May 28, with $228.88 million leaving the 13-fund complex, data from SoSoValue show. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $177.94 million of the redemptions.

Grayscale’s GBTC saw $26.19 million withdrawn and Fidelity’s FBTC recorded $19.16 million in net redemptions. The selling was concentrated in the largest funds, with IBIT driving the bulk of the day’s outflows.

The outflow streak has removed more than $2 billion from U.S. spot Bitcoin products since May 14. The 13 U.S. spot Bitcoin ETFs held a combined $94.25 billion in net assets at the time of reporting, equal to about 6.39% of Bitcoin’s market capitalization. Cumulative net inflows into the U.S. spot ETF complex since launch remained at $55.79 billion.

Market participants cited signals of a hawkish Federal Reserve outlook, higher oil prices and tensions between the U.S. and Iran as factors affecting demand for risk assets. Goldman Sachs adjusted its forecast for the next Fed rate cut to December 2026. Higher oil prices have pushed core inflation back above 2 percent, according to market data.

Bitcoin traded near $73,504 at the time of reporting, down about 5.4% over the past seven days and roughly 42% below its October 2025 high above $126,000. Recent price weakness has coincided with the ETF outflows.

Thursday’s flow figures, released after U.S. markets close, will determine whether the streak reaches a tenth day.