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Title: ETF Flows Turn Negative — A Historic Outflow Streak in Bitcoin US spot Bitcoin ETFs have recorded an unprecedented 13 consecutive days of net outflows, marking the longest negative streak since launch. Between May 15 and June 3, investors withdrew approximately: • -$4.33B in total outflows • ~59,351 BTC removed from ETF exposure This selling pressure is also visible across multiple timeframes: • 7-day flow: -$2.78B • 10-day flow: -$3.06B • 20-day flow: -$5.42B Overall, ETF demand has shifted from being a structural tailwind to a clear short-term headwind for Bitcoin price action, reflecting a notable change in institutional positioning.