Bitcoin's value has suffered amid unprecedented outflows from U.S. spot exchange-traded funds (ETFs), with investors withdrawing approximately $2.8 billion over the last nine trading days. This represents the longest consecutive period of net outflows since these funds were introduced in January 2024.
The most significant losses were seen in BlackRock's IBIT fund, which alone experienced a $527.8 million outflow on May 27, followed by $177.9 million on May 28 and $68.2 million on May 29. On May 29, the overall market recorded a net outflow of $125.3 million. Amid these trends, Bitcoin's performance has lagged behind that of stocks in the AI and semiconductor sectors.
