Bitcoin ETF outflows reach record 9-day streak as investors pull $2.8 billion
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- U.S. spot Bitcoin ETFs logged nine consecutive trading days of net outflows, the longest streak since their launch in January 2024.
- Investors pulled roughly $2.8 billion from these funds over the nine‑day period, with about $1.3 billion withdrawn just this week.
- Bitcoin fell from around $80,000 to $73,000 during the same span, lagging AI‑related and semiconductor stocks that continued to attract capital.
- BlackRock’s iShares Bitcoin Trust (IBIT) recorded its biggest single‑day redemption since launch, driven by a large dark‑pool transaction.
- Glassnode data shows that the 14‑day moving average of ETF flows typically trough near local market turning points, a pattern seen in February and November corrections.
Why it matters: Investors exiting the ETFs lose exposure to Bitcoin’s upside while capital shifts to AI and semiconductor equities; BlackRock’s IBIT redemption signals institutional retreat, and the $2.8 bn outflow may set the stage for a market bottom.
