Key Highlights
- American spot Bitcoin ETFs experienced consecutive withdrawals spanning ten trading sessions, totaling $2.97 billion from May 15 through May 29.
- Bitcoin declined 4.6% across a seven-day period while ETF momentum weakened and Brent crude surpassed $93 per barrel.
- Asian equity markets achieved new all-time highs during trading sessions, while leading cryptocurrency assets diverged from stock market gains.
- Hyperliquid’s HYPE advanced 18.7% throughout the week while its U.S. spot ETF maintained consistent daily capital inflows.
Bitcoin faces intensified selling pressure following a historic withdrawal streak from U.S. spot Bitcoin ETFs totaling $2.97 billion.
Data from SoSoValue reveals that U.S. spot Bitcoin ETFs experienced capital outflows across ten consecutive trading sessions ending Friday, May 29. The investment vehicles shed $2.97 billion from May 15 through May 29, surpassing the prior eight-session withdrawal record established earlier in 2025.
Nearly $3 Billion Exits Bitcoin Investment Vehicles
Analysis from SoSoValue indicated that the withdrawal period featured a $733 million single-session exodus on May 27. This marked the heaviest one-day outflow from spot Bitcoin ETFs since January.
Combined net assets held within U.S. spot Bitcoin ETFs contracted from $104.29 billion on May 15 to $94.17 billion by Friday’s close. The capital flight eliminated a critical demand driver that previously underpinned Bitcoin throughout prior market advances.
Concurrently, spot Ether ETFs encountered comparable headwinds. SoSoValue tracking revealed Ether ETFs sustained a 14-session withdrawal pattern, shedding approximately $2.6 billion in net assets throughout the identical timeframe.
Crude Oil Surge Intensifies Macroeconomic Headwinds
According to Bloomberg, Brent crude climbed beyond $93 per barrel while attempts to restore Strait of Hormuz operations yielded minimal advancement. The report indicated U.S.-Iran ceasefire negotiations remain deadlocked, sustaining elevated Middle East geopolitical tensions.
Treasury securities declined across all maturities while petroleum prices advanced, Bloomberg documented. The crude oil appreciation introduced additional macroeconomic concerns for cryptocurrency market participants already monitoring ETF capital withdrawals.
Bitcoin changed hands at $73,397 following a 4.6% decline across seven trading days, per CoinDesk tracking. Ether similarly retreated 4.6% to $1,996, while Solana decreased 3.7% to $81.89. TRON’s TRX registered a 3.7% decline, and Dogecoin eased 1.6%.
Equity Markets Advance While Cryptocurrency Lags
Meanwhile, international equity benchmarks posted gains despite cryptocurrency market weakness. Bloomberg reported the MSCI All Country World Index appreciated 0.2% on Monday. Asian equity indices surged 1.1% to establish fresh record highs.
Technology sector shares spearheaded Asian market gains, with benchmarks in South Korea, Taiwan, and Japan establishing new peaks, according to Bloomberg. Nasdaq 100 futures advanced 0.6% following Nvidia’s announcement of entering the Windows laptop segment to compete with Intel and AMD. SoftBank Group surged as much as 11% on its OpenAI and Arm positions, Bloomberg documented.
Hyperliquid’s HYPE distinguished itself from leading cryptocurrency assets. Based on ETF flow tracking referenced in the report, the U.S. spot HYPE ETF has attracted capital inflows every trading session since commencing operations on May 12. Its aggregate net assets exceeded $122 million by Friday.
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