U.S. spot Bitcoin ETFs have now logged nine consecutive trading days of net outflows, the longest withdrawal streak since the products launched in January 2024. Data from SoSoValue shows investors pulled about $2.8 billion from the funds over that stretch, setting a new record for sustained redemptions.
The selling has continued through the current week. U.S. spot Bitcoin ETFs have lost around $1.3 billion this week alone, extending the run to three straight weeks of net outflows. On a monthly basis, withdrawals have reached roughly $2.3 billion.
Bitcoin slide matched the ETF withdrawal wave
The outflows came alongside a sharp drop in Bitcoin. Over the same period, the asset fell from around $80,000 to $73,000. The backdrop reaches beyond Bitcoin’s own price action. Since the start of the year, Bitcoin has trailed some of the market’s strongest-performing trades, especially AI-linked equities, semiconductor names, and memory-chip stocks, where capital has continued to concentrate as enthusiasm for AI infrastructure spending stayed elevated.
Large IBIT redemption points to institutional selling
Signs of institutional selling also appeared in fund-level data. BlackRock’s iShares Bitcoin Trust, trading under the ticker IBIT, posted its largest single-day outflow since launch earlier this week. The move was largely tied to a sizable dark pool transaction. The exact reason behind that trade has not been disclosed, but the scale of the redemption suggests that some investors may be cutting Bitcoin exposure and shifting capital toward sectors that have recently delivered stronger returns.
Past ETF flow troughs have aligned with local turning points
Historical flow patterns show that prolonged ETF outflows have often appeared during periods of market stress that later developed into local bottoms. According to Glassnode data, the 14-day moving average of ETF flows tends to bottom near major turning points. Similar setups appeared during the correction in early February, when Bitcoin briefly moved toward $60,000, and again in November, when ETF outflows accelerated during the pullback that followed Bitcoin’s post-all-time-high decline and local low near $85,000.