Today in crypto, spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 billion, the US Commodity Futures Trading Commission (CFTC) approved a Bitcoin perpetual futures contract for prediction markets platform Kalshi. Meanwhile, on Thursday, spot Bitcoin ETFs logged a record nine-day outflow streak totaling $2.84 billion.

Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’

Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, a streak that one analyst says may signal a market bottom is near.

According to data from SoSoValue, daily outflows ranged from $70 million to $733 million across the period, with the steepest single-day exodus recorded on Wednesday at $733.43 million. Total net assets held across spot Bitcoin (BTC) ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks.

The current streak broke the previous record of eight consecutive outflow sessions, which was recorded in early last year and saw $3.2 billion in withdrawals, on Thursday, before extending to 10 days on Friday.

Source: Santiment Intelligence

Spot Bitcoin ETFs have become a major gauge of institutional demand since their US launch. Large inflows have historically signaled growing optimism and increased demand, while heavy outflows reflect fear and de-risking.

CFTC gives green light to Bitcoin perpetual futures

The CFTC approved a new Bitcoin perpetual futures contract from the prediction-markets platform Kalshi, marking a notable step forward for crypto derivatives in the US.

Unlike traditional futures contracts, perpetual futures don't have an expiration date and are designed to closely track the spot price of an asset. They're among the most popular trading products in global crypto markets but have faced regulatory hurdles in the United States.

In its approval order, the CFTC said Kalshi demonstrated that the contract complies with the Commodity Exchange Act and relevant regulations. The agency also suggested that crypto markets may be particularly well-suited to around-the-clock trading, clearing, and settlement — a potential sign that regulators are becoming more comfortable with market structures built for 24/7 digital assets.

Source: CFTC

Bitcoin ETFs bleed $2.8 billion in record nine-day outflow streak

US-listed spot Bitcoin exchange-traded funds (ETFs) posted their longest outflow streak since launch, extending withdrawals as institutional demand for Bitcoin exposure weakened.

Spot Bitcoin ETFs recorded another $223 million in net outflows on Thursday, marking the record nine-day outflow streak since the funds launched in 2024, according to data from Farside Investors.

The latest streak surpassed the previous record eight-session outflow run recorded in February 2025, though its roughly $2.84 billion in cumulative withdrawals remains below the $3.2 billion lost during the earlier selloff.

US spot Bitcoin ETF outflows in May 2026 versus February 2025. Source: SoSoValue

The outflows suggest institutional demand for Bitcoin exposure is weakening through the ETF channel, and come as major corporate holders such as Strategy face renewed pressure even as some new altcoin products like Hyperliquid (HYPE) ETFs continue attracting investor interest.