Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor
US Bitcoin spot ETFs have seen net outflows in 17 of the last 19 trading days, with about $5.6 billion withdrawn. That has pushed 2026 year-to-date flows for US Bitcoin ETFs to negative $2.17 billion, and roughly $4.4 billion of Bitcoin has been sold through these products over the past month. Bitcoin itself has dropped about 20% since May 14, from around $82,040 to about $64,000. Strategy executive chairman Michael Saylor blamed the decline on capital shifting into AI infrastructure, saying more than $400 billion has flowed into AI-related investments over the past six months. He argued this is diverting money from Bitcoin and framed the selloff as a potential buying opportunity. Not all funds are weak: BlackRock’s iShares Bitcoin Trust and Grayscale’s Mini Bitcoin Trust have still posted positive flows since January. Lifetime net inflows into all US Bitcoin spot ETFs remain around $54 billion.
