U.S. spot Bitcoin (BTC) exchange-traded funds extended their longest streak of net outflows since launch, underscoring a cooling in 'institutional demand' even as capital rotates into other parts of the crypto ETF market. According to Cointelegraph, total net redemptions from U.S.-listed spot Bitcoin ETFs reached roughly $2.84 billion over nine consecutive trading sessions—the longest run of withdrawals since products debuted in 2024, surpassing the prior record of eight sessions set in February 2025.