TLDR
- Bitcoin ETFs recorded $4.4 billion in total outflows over 13 consecutive trading days.
- Daily withdrawals reached $396.6 million, extending the longest outflow streak on record.
- ETF holdings dropped by over 51,700 BTC, valued at nearly $5 billion.
- BlackRock’s IBIT led redemptions with about $3.3 billion in outflows.
- Fidelity and Grayscale also posted withdrawals of $456.6 million and $303.6 million.
Bitcoin ETFs recorded sustained investor withdrawals over recent sessions, pushing total outflows to about $4.4 billion. The selling streak extended to 13 trading days, while Bitcoin price declined during the same period. Fund data shows falling holdings and heavy redemptions across major issuers.
Bitcoin ETFs Outflows Extend to Historic Levels
US-listed Bitcoin ETFs logged $396.6 million in daily net outflows on Wednesday. This extended the withdrawal streak to 13 consecutive trading days.
The current run exceeded the previous record set in February 2025. During that period, funds lost around $3.2 billion across eight trading days.
Cumulative withdrawals have reached about $4.4 billion since May 15. At the same time, Bitcoin price dropped close to 20% to around $62,400.
Data shows ETF holdings declined by more than 51,700 BTC over one month. This reduction equals nearly $5 billion in value based on current prices.
BlackRock IBIT Leads Redemptions Across ETF Issuers
BlackRock’s iShares Bitcoin Trust recorded the largest share of outflows during the streak. The fund alone lost about $3.3 billion over 13 trading days.
This figure represents nearly three-quarters of total Bitcoin ETF withdrawals. Despite the selling, BlackRock still holds about 786,800 BTC under management.
Fidelity’s Wise Origin Bitcoin Fund reported about $456.6 million in redemptions. Meanwhile, Grayscale’s Bitcoin Trust ETF posted roughly $303.6 million in outflows.
Other ETF issuers also experienced steady withdrawals during the same period. However, their losses remained smaller compared to the top three providers.
Analysts Cite Mixed Drivers Behind ETF Sell-Off
Bloomberg ETF analyst Eric Balchunas questioned whether institutions caused the recent decline. He stated that large buyers have continued accumulating Bitcoin over longer periods. He said, “Major institutional players are still net buyers over time.” He suggested early holders may have driven the recent selling pressure.
Some analysts pointed to derivatives markets and leveraged positions as key drivers. They argued that liquidations in futures markets amplified Bitcoin’s price movement. On-chain data showed limited direct selling activity during the downturn. This pattern indicates that leverage rather than spot selling influenced volatility.
CryptoQuant founder Ki Young Ju described a broader shift in ownership trends. He stated that early adopters and miners are transferring holdings to institutional investors. He said this transition may create temporary selling pressure in markets.
However, it reflects a redistribution of supply toward long-term holders. The data shows ETF flows, derivatives activity, and ownership shifts continue shaping Bitcoin price action. Current figures confirm that ETF holdings declined alongside the recent withdrawal streak.
