Bitcoin ETFs Lose $4.4B as Outflows Hit 13-Day Record Run

Table of Contents 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. 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’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. 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. 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 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. 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 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.