Historic Outflows from Bitcoin ETFs Amid AI Stock Surge
U.S. spot bitcoin exchange-traded funds (ETFs) have recorded unprecedented outflows, totaling approximately $3.45 billion over a stretch of 11 consecutive trading days. This surge in withdrawals coincides with a notable rise in the prices of AI and semiconductor stocks, including a 6% jump in Nvidia's shares.
The outflows began on May 15 and represent the longest streak since the inception of these funds in January 2024, surpassing the previous record of eight days noted in February 2025. The recent withdrawal of $484 million in a single session contributed to a decline in bitcoin’s price, which fell by 4% during Asian trading hours as it approached $70,000.
In addition to ETF outflows, Strategy (MSTR), the largest corporate holder of bitcoin, disclosed that it sold 32 BTC, valued at around $2.5 million. This marked its first sale since December 2022, following months of advocacy for a buy-and-hold strategy by Executive Chairman Michael Saylor.
