Bitcoin ETFs shed $2.8B 📉

U.S. spot Bitcoin ETFs saw a record-breaking streak of outflows across nine consecutive days, underscoring the sorry state of the crypto market.

Author

Stephen Graves
May 29, 2026

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đź“ť What you need to know

The bleak outlook for crypto markets is showing no signs of picking up, with a record-breaking nine consecutive days of outflows from U.S. spot Bitcoin ETFs totalling $2.8 billion.

That’s down to the usual suspects, with a recent Coinshares report pointing the finger at the U.S.-Iran war. The AI boom, meanwhile, continues to drain capital from crypto, with poster boy Anthropic nearing a $1 trillion valuation following a $65 billion raise and the release of its latest Claude Opus model.

On-chain metrics aren’t looking any better, with Bitcoin whale balances contracting and long-term holder supply reaching record levels—something that CryptoQuant researchers attribute to an absence of new buyers, rather than accumulation.

Bitcoin ETFs Shed $2.8B in Record-Breaking Nine-Day Streak

Cooling demand for Bitcoin ETFs adds to declining accumulation by whales, underscoring a trying time for the crypto market.

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đź“Š Myriad Insight of the Day

Claude Mythos released by June 30?
YES 37%63% NO
  
Why it matters
Anthropic said yesterday it expects to bring Mythos-class models "to all our customers in the coming weeks," alongside the launch of Opus 4.8, per Reuters. Mythos is Anthropic's most powerful model—currently restricted to Project Glasswing partners after the UK AI Security Institute found it could autonomously complete a 32-step network attack. The coming-weeks timing puts a pre-June-30 release firmly in play, lifting YES from 12% to 37% this week.
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Anthropic's Claude Opus 4.8 Is Here: Better AI Coding, Smarter Safety—Same Huge Price

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