US spot Bitcoin ETFs are in their longest stretch of net outflows since launch. Data from SoSoValue shows investors pulled about $3.45 billion from the funds over 11 straight trading sessions starting on May 15, while Bitcoin slipped toward the $70,000 level.
The run broke the previous record for consecutive redemptions. The earlier high was eight trading days, set in February 2025. In the latest session alone, investors withdrew another $484 million, and BTC fell 4% during Asian trading hours.
Capital rotates toward AI and chip stocks
The pressure on Bitcoin funds came even as risk appetite on Wall Street stayed firm. Nvidia gained 6%, and stocks tied to semiconductors and artificial intelligence continued drawing investor interest. The contrast was clear: money left crypto investment products while large technology names kept climbing.
Strategy reports its first Bitcoin sale since 2022
Another closely watched development came from Strategy (MSTR), the largest corporate holder of Bitcoin. The company said Monday that it sold 32 BTC, worth roughly $2.5 million, to fund distributions tied to one of its preferred stock offerings.
The amount was small relative to the company’s total holdings. Even so, the sale stood out because it was Strategy’s first Bitcoin sale since December 2022, after months in which Executive Chairman Michael Saylor had continued to promote a buy-and-hold stance.
Signs of softer institutional demand are building
Weakness is not limited to ETF flows. In its latest weekly report, CryptoQuant said Bitcoin is increasingly becoming a market of holders rather than buyers. The firm added that accumulation by ETFs and corporate treasuries has slowed sharply in recent months.
That leaves the record ETF withdrawal streak as another sign that one of the main demand channels behind Bitcoin’s rally may be losing momentum.