Bitcoin ETFs bleed $4.4B as outflow run extends to 13 trading days
US-listed spot Bitcoin ETFs extended their outflow streak to a record 13 straight trading days, with $396.6 million withdrawn on Wednesday and about $4.4 billion pulled since May 15. The prior record was eight straight days in February 2025. Bitcoin fell about 21% over the same period, briefly dipping below $63,000, as ETF demand weakened and analysts also cited long-term holder selling, miner pressure, and possible leverage/liquidation effects. BlackRock’s IBIT accounted for most redemptions, losing about $3.3 billion, roughly 75% of total outflows. Fidelity’s FBTC saw about $456.6 million in outflows, and Grayscale’s GBTC about $303.6 million. Over the past 30 days, US spot Bitcoin ETFs shed 51,726 BTC, nearly $5 billion. Analysts disagree on the cause: some say demand has fallen sharply, while others argue institutions remain net buyers and that the market is undergoing a supply transfer from early holders to ETFs and traditional investors.
