U.S. Spot Bitcoin ETFs See Record 11-Day Outflow Streak of $3.45B as Bitcoin Holds Near $70,000
U.S. spot bitcoin ETFs posted net outflows across 11 consecutive trading sessions through Monday, the longest streak since the funds launched in January 2024. The withdrawals coincided with bitcoin falling toward $70,000 and Nvidia shares rising 6 percent.
forbes.comU.S. spot bitcoin ETFs recorded net outflows for 11 consecutive trading sessions through Monday, the longest redemption streak since the products launched in January 2024. 45 billion, according to data provider SoSoValue.
The previous record for consecutive net redemptions stood at eight days in February 2025. Investors withdrew another $484 million in the latest session, CoinDesk reported. Bitcoin slid toward $70,000 during the outflow period and fell 4 percent during the Asian trading day in the latest session.
Bitcoin broke below $70,000 for the first time since April 7. Nvidia stock gained 6 percent over the same period as investors rotated toward AI and semiconductor shares. 5 million in late May.
The sale marked the company's first bitcoin disposal since December 2022 and funded distributions on one of its preferred stock offerings. CryptoQuant reported that ETF and corporate treasury accumulation has slowed markedly in recent months. The data provider noted that bitcoin is increasingly becoming a market of holders rather than buyers.
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