Bitcoin ETF Outflows Top $4 Billion, Analysts Spot Potential Bottom

Highlights:

• Bitcoin ETF outflows have exceeded $4.013 billion since May 7, marking the largest withdrawal wave of the month.
• Bitcoin ETFs shed $1.415 billion in one week, with BlackRock, Fidelity, and Grayscale leading the redemptions.
• Santiment says extreme ETF outflows often appear near market lows and may signal a potential Bitcoin recovery.

Bitcoin ETF outflows have exceeded $4.013 billion since May 7, according to crypto analytics firm Santiment Intelligence. The firm reported that spot Bitcoin ETFs have recorded ten consecutive trading days of net outflows. SoSoValue data shows investors withdrew more than $2.97 billion from spot Bitcoin ETFs since May 15. Daily withdrawals ranged from $70 million to $733.43 million during the period. Investors pulled the largest amount on Wednesday when funds recorded $733.43 million in net outflows.

📉 Bitcoin ETF’s have now exceeded $4,013,800,000 in total outflows, dating back to May 7th. $BTC ETF’s have become one of the clearest gauges of mainstream investor sentiment. Large inflows often signal growing optimism and increased demand. Heavy outflows indicate a growing… pic.twitter.com/vy5FPF3o95

— Santiment Intelligence (@SantimentData) May 29, 2026

The recent streak of withdrawals surpassed the previous record of eight consecutive outflow sessions. Spot Bitcoin ETFs held $104.29 billion in total assets on May 15. By May 30, total assets had fallen to $94.17 billion. The decline erased roughly $10 billion from ETF holdings within two weeks. The figures show that investors reduced exposure across major Bitcoin investment products throughout May.

Santiment stated that Bitcoin ETFs serve as a key measure of investor demand. The firm noted that large inflows often reflect confidence and stronger demand. In contrast, heavy withdrawals usually indicate fear and reduced risk appetite. The current outflow trend shows that many investors have already adjusted their positions during the recent market weakness.

Bitcoin ETF Outflows Accelerate Across Major Fund Issuers

Farside Investors data shows spot Bitcoin ETFs recorded $1.4156 billion in net outflows during the latest trading week. BlackRock’s IBIT accounted for the largest share of withdrawals. Investors removed $966.3 million from the fund during the week. The figure represented more than two-thirds of the total weekly outflows.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – Weekly Summary

TOTAL NET FLOW: -1415.6

IBIT: -966.3
FBTC: -169.1
BITB: -46.3
ARKB: -24.7
BTCO: 0
EZBC: 0
BRRR: 0
HODL: 0
BTCW: 0
MSBT: -1
GBTC: -175.2
BTC: -33

— Farside Investors (@FarsideUK) May 30, 2026

Fidelity’s FBTC recorded $169.1 million in net redemptions during the same period. Grayscale’s GBTC also posted significant withdrawals totaling $175.2 million. The combined withdrawals from the three funds exceeded $1.31 billion. Those products contributed heavily to the broader market decline.

Other issuers also experienced investor withdrawals. Bitwise’s BITB lost $46.3 million during the week. Ark Invest’s ARKB recorded net outflows of $24.7 million. Meanwhile, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, and WisdomTree’s BTCW reported no weekly net flows.

The latest weekly figures added to the broader trend that began earlier this month. The withdrawals pushed cumulative Bitcoin ETF outflows beyond $4 billion since May 7. The concentration of redemptions among the largest funds highlights where investors reduced exposure most aggressively.

Contrarian Signals Emerge While Ether Products Extend Losses

Santiment stated that extreme ETF outflows have often appeared near major market turning points. The firm explained that large withdrawals frequently reflect peak fear, frustration, and risk aversion among investors. Santiment added that prices often move opposite investor expectations during periods of extreme pessimism.

The firm highlighted a previous example from November last year. Bitcoin ETFs recorded nearly $904 million in single-day outflows during that period. The market later formed a major low before prices recovered. Santiment said the current outflow trend may indicate that Bitcoin is moving closer to a local bottom.

Spot Ether ETFs also faced sustained selling pressure during May. The products recorded net outflows across 14 consecutive trading sessions between May 11 and May 30. Daily withdrawals ranged from $5.65 million to $130.62 million. Ethereum ETF assets fell from $13.85 billion to $11.27 billion during the period. Investors removed roughly $2.6 billion from Ether ETF products.

Hyperliquid ETFs followed a different path. The products have recorded inflows during every trading session since launching on May 12. Cumulative inflows exceeded $100 million by May 28, while the total assets increased from $1.87 million at launch to $122.2 million within just over two weeks.