U.S. Bitcoin ETFs See $4.4 Billion Withdrawn During Historic 13-Day Streak

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U.S. Bitcoin ETFs experienced outflows totaling $396.6 million on Wednesday, marking the thirteenth consecutive trading session of withdrawals.
Cumulative redemptions reached approximately $4.4 billion, establishing a new record that exceeded the prior eight-day withdrawal streak.
Bitcoin values declined roughly 21% from $80,000 to approximately $63,400 throughout this withdrawal phase.
BlackRock’s IBIT experienced the largest redemptions at $3.3 billion, with Fidelity’s FBTC and Grayscale’s GBTC following behind.
CryptoQuant analysis revealed Bitcoin demand decreased by approximately 501,000 BTC, representing the sharpest monthly contraction since May 2022.

U.S.-based Bitcoin exchange-traded funds have experienced persistent capital outflows as market pressure continues through a thirteenth consecutive session. According to recent data, spot Bitcoin ETFs recorded withdrawals of $396.6 million on Wednesday, bringing aggregate redemptions close to $4.4 billion. Throughout this same timeframe, Bitcoin values decreased from approximately $80,000 to around $63,400.

Withdrawal Streak Establishes New Industry Benchmark

Spot Bitcoin ETFs listed in the United States have established their longest consecutive withdrawal period, spanning 13 straight trading sessions with net capital outflows. This extended streak surpassed the previous benchmark of eight consecutive sessions observed in February 2025, during which $3.2 billion departed from these investment vehicles. Information from SoSoValue confirmed that total redemptions accumulated to roughly $4.4 billion throughout this current phase.

BlackRock’s iShares Bitcoin Trust dominated the redemption figures, representing approximately $3.3 billion of aggregate withdrawals. Fidelity’s Wise Origin Bitcoin Fund recorded around $456.6 million in outflows, while Grayscale Bitcoin Trust saw roughly $303.6 million withdrawn. These three funds collectively comprised a substantial portion of all capital exiting spot Bitcoin ETFs.

Declining Demand Applies Downward Pressure on Valuations

Bitcoin price levels have contracted by approximately 21% since May 15, mirroring weakened appetite from both institutional participants and retail investors. Data from CoinGecko indicated the digital asset declined from roughly $80,000 to about $63,400 throughout the withdrawal period. Market observers attributed the decline to reduced ETF demand, increased miner selling activity, and distribution from long-term holders.

Julio Moreno from CryptoQuant reported demand contracted by roughly 501,000 BTC during the previous month. He characterized this decrease as “the fastest monthly decline since May 2022,” drawing parallels to the period following the Terra ecosystem collapse. The metrics indicated diminished acquisition activity throughout primary market segments.

Institutional Activity and Market Structure Show Varied Patterns

Bloomberg ETF analyst Eric Balchunas observed that certain long-term institutional participants continued accumulating Bitcoin throughout the recent timeframe. He remarked, “Forget the boomers; someone needs to call the OGs; they are behind this.” His observation suggested early adopters may be contributing to ongoing selling pressure.

The boomers aren't your problem btw, neither is Saylor. If it weren't for them bitcoin would be REALLY in the sht. Think about it: They are net net $150b of buying (even with the outflows which are pretty tiny tbh). Price was at $125k. ETFs barely saw outflows. Saylor bought…
— Eric Balchunas (@EricBalchunas) June 3, 2026

Ki Young Ju, founder of CryptoQuant, noted that early investors and mining operations have been transferring supply toward institutional purchasers. He suggested this transition might reinforce long-term ownership patterns despite present selling dynamics. Geoffrey Kendrick from Standard Chartered’s research team indicated ETF holdings remained relatively consistent since February despite recent market fluctuations.

비트코인 OG들과 오래된 채굴자들의 매도는, 미국 전통금융 기관 투자자와 ETF로 넘어가는 큰 손바뀜 과정이라고 생각합니다.
그래서 손바뀜 이후 더 이상 들어올 유동성이 없어 비트코인이 잘 안 될 거라는 주장에는 동의하지 않습니다.
어떤 자산이든 결국 중요한 건 누가 들고 있느냐입니다. 지금… https://t.co/7BxmXhJT5C
— Ki Young Ju (@ki_young_ju) June 4, 2026

Throughout the past 30 days, Bitcoin ETFs documented outflows of roughly 51,726 BTC, representing nearly $5 billion in value. WalletPilot metrics showed BlackRock maintaining approximately 786,800 BTC, while Fidelity and Grayscale held smaller positions. Kendrick additionally mentioned Strategy’s 32 BTC transaction, noting it contributed to short-term bearish sentiment.