Bitcoin ETF Rally Stalls: $358 Million Flees After 10-Day Feeding Frenzy

Wall Street’s crypto love affair hits a snag as Bitcoin ETFs post their first outflow in nearly two weeks.

The sudden $358 million exit breaks what had been a steady accumulation streak—proving even digital gold gets cold feet when traders smell volatility. Just another day in the fickle world of institutional crypto plays.

Funny how ’smart money’ still chases the same pump-and-dump patterns as retail degens—just with better suits and bigger spreadsheets.

Bitcoin ETF inflows streak breaks

On a day marked by significant outflows from U.S. spot bitcoin ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the exit with $166 million pulled out. 

This was followed closely by Grayscale’s GBTC, which saw $107.5 million in net redemptions.

Several other funds, including those from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck, also experienced capital flight.

Interestingly, BlackRock’s iShares Bitcoin Trust (IBIT) went against the wider market movement by drawing in $125 million in net inflows.

This extended its impressive 34-day streak of daily inflows, with its total inflow nearing $49 billion and assets under management now topping $70 billion.

What about Ethereum ETF?

In contrast to the recent downturn in Bitcoin ETF flows, spot ethereum [ETH] ETFs continued to attract investor interest, recording $92 million in net inflows on the 29th of May alone.

BlackRock’s iShares Ethereum Trust (ETHA) recorded more than $50 million in fresh inflows, raising its total to $4.5 billion since launching in July 2024.

Seeing this, ETF Store President Nate Geraci had mentioned that this activity coincides with a broader trend, as over the past five weeks, Bitcoin ETFs have attracted more than $9 billion, while Gold ETFs have seen nearly $3 billion in outflows.

CryptoQuant founder believes…

With Bitcoin’s price slipping from $111K to around $105,615, the recent market correction may be fueling the shift in ETF momentum.

The evolving market cycle appears to be increasingly driven by growing institutional involvement, particularly following the approval of U.S. spot Bitcoin ETFs in early 2024.

This shift has reshaped investor sentiment and market dynamics.

Reflecting on this trend, CryptoQuant founder Ji Young Ju acknowledged a misjudged bear market prediction made in early 2025, only to witness Bitcoin reaching a new all-time high just two months later.

Young Ju put it best when he said, 

“It feels like it’s time to throw out that cycle theory. New liquidity sources and volume are becoming more uncertain, signalling a transition as the Bitcoin market merges with TradFi.”