TLDR
- U.S. spot Bitcoin ETFs have recorded $3.45 billion in outflows across 11 consecutive trading sessions, according to SoSoValue data.
- The latest session saw $484 million withdrawn as Bitcoin declined by 4% during Asian trading hours.
- Strategy sold 32 BTC worth about $2.5 million to fund preferred stock distributions, marking its first sale since December 2022.
- Nvidia shares rose 6% as investors continued allocating capital to semiconductor and AI-related stocks.
- CryptoQuant reported that ETF and corporate treasury accumulation has slowed, with Bitcoin increasingly held by existing investors.
U.S. spot Bitcoin ETFs have recorded their longest withdrawal streak to date, with billions exiting funds as Bitcoin trades near $70,000.
According to data provider SoSoValue, investors have withdrawn about $3.45 billion over 11 straight trading sessions starting May 15, setting a new record since these products launched in January 2024.
Bitcoin ETF Outflows Extend Beyond Previous Records
During the latest trading session, SoSoValue reported an additional $484 million in redemptions. This continued selling coincided with a 4% drop in Bitcoin’s price during Asian market hours, bringing the asset closer to the $70,000 level.
Earlier records show that the longest previous stretch of ETF outflows lasted 8 days in February 2025. The current sequence has now surpassed that level, highlighting a sustained period of withdrawals from institutional investment vehicles tied to Bitcoin.
Elsewhere, gains in technology stocks have continued to attract investor attention. Shares of Nvidia rose 6%, while other semiconductor and artificial intelligence-linked firms also drew strong inflows.
This movement in equities has occurred alongside ETF withdrawals, indicating that capital has not exited risk assets entirely but has rotated into other sectors. Market activity in AI-related stocks has remained active even as crypto-linked instruments faced selling pressure.
Strategy Reports First Bitcoin Sale Since 2022
In a separate development, Strategy disclosed in a filing that it sold 32 BTC, valued at approximately $2.5 million. The company stated that proceeds would fund distributions tied to one of its preferred stock offerings.
Although the sale represents a small portion of its holdings, it is the company’s first Bitcoin sale since December 2022. The move follows repeated public statements from Executive Chairman Michael Saylor supporting a long-term holding approach.
At the same time, data from CryptoQuant has highlighted changes in market behavior. In its latest weekly report, the firm stated that Bitcoin ownership is increasingly concentrated among existing holders.
CryptoQuant also noted that accumulation from ETFs and corporate treasuries has reduced compared to earlier months. The report adds that this shift comes as ETF outflows continue, providing context around current market conditions.
