Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
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- U.S. spot bitcoin ETFs logged a record 11‑session net outflow of $3.45 bn as BTC fell toward $70 k.
- Nvidia shares jumped 6% amid the AI‑driven equity rally that coincides with the Bitcoin outflows.
- Strategy (MSTR) sold 32 BTC (~$2.5 m) to finance a preferred‑stock distribution, its first Bitcoin sale since Dec 2022.
- CryptoQuant warned that Bitcoin is shifting toward a holder‑dominant market, citing a slowdown in ETF and corporate treasury accumulation.
- Bitcoin price slipped 4% in Asian trading after the latest $484 m ETF redemption.
Why it matters: Institutional investors see $3.45 bn exit from Bitcoin ETFs, draining demand and pushing BTC toward $70 k, while AI‑focused funds capture the upside, boosting Nvidia shares 6% in the market.
