Bitcoin ETF · Nvidia · Bitcoin · Strategy · Wall Street · CoinDesk
Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
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U.S. spot bitcoin ETFs have suffered their largest and longest withdrawal streak on record, with investors pulling roughly $3.45 billion across 11 consecutive trading sessions as bitcoin slid toward $70,000, according to data provider SoSoValue.
Key facts
- U.S. spot bitcoin ETFs have suffered their largest and longest withdrawal streak on record, with investors pulling roughly $3.45 billion across 11 consecutive trading sessions as bitcoin slid toward
- The latest session saw investors withdraw another $484 million from the funds, helping push down BTC's price by 4% during the Asian trading day
- Meanwhile, Strategy (MSTR), the largest corporate holder of bitcoin, disclosed on Monday that it sold 32 BTC, worth roughly $2.5 million, to fund distributions on one of its preferred stock offerings
- The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day record set in February 2025
Summary
U.S. spot bitcoin ETFs have logged a record 11 straight sessions of net outflows totaling about $3.45 billion as bitcoin’s price slid toward $70,000. The withdrawals, including $484 million in the latest session, coincide with strong risk appetite in AI and semiconductor stocks, underscored by a 6 percent gain in Nvidia. Strategy’s sale of 32 bitcoin, its first since 2022, and slowing ETF and corporate treasury accumulation suggest institutional demand that helped fuel bitcoin’s rally may be weakening. The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day record set in February 2025.