Why Billions Are Fleeing Bitcoin ETFs While Futures Open Interest Rises
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U.S. Bitcoin ETFs recorded over $4.01 billion in outflows since May 7, including roughly $2.8 billion leaving ETF products in May and a nine-day outflow streak, signaling weaker crypto risk appetite. At the same time, futures open interest rose as traders rebuilt Bitcoin positions across major exchanges (CEX), suggesting a shift from ETF holdings into derivatives rather than net accumulation.
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- U.S. Bitcoin ETFs have seen over $4.01B in outflows since May 7, Santiment data shows.
- Bitcoin ETFs posted a nine-day outflow streak, with about $2.8B leaving products in May.
- Futures open interest rose as traders rebuilt Bitcoin positions across major exchanges.
U.S. Bitcoin ETFs have recorded more than $4.01 billion in outflows since May 7, according to Santiment data. The withdrawals came through a steady multiweek trend, showing continued pressure across listed Bitcoin ETF products in the United States.
In an X post, the platform highlighted that the exits did not come from one sudden shock. Instead, the data showed consistent withdrawals over several weeks as investors reduced exposure to Bitcoin through ETF products. The trend pointed to weaker risk appetite during the period.
Source: X
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