Bitcoin ETF

Bitcoin

BlackRock

BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000.
BlackRock’s iShares Bitcoin Trust (IBIT) saw $527.8 million in net outflows on Wednesday, helping push total withdrawals from US spot Bitcoin ETFs to $733.4 million for the day, <a href="https://farside.co.uk/bitcoin-etf-flow-all-data/" rel="noopener noreferrer nofollow">according</a> to data from Farside Investors.
The outflows marked IBIT’s second-largest daily loss since launch, slightly below the fund’s record $528.3 million outflow on Jan. 30, 2026.
The latest pullback extended a streak of eight consecutive trading days of net outflows across US-listed spot Bitcoin ETFs, with cumulative withdrawals reaching roughly $2.6 billion over the period.
The sustained withdrawals come as several market indicators point to weakening Bitcoin demand, with analysts at CryptoQuant <a href="https://x.com/jjcmoreno/status/2059850591384260694?s=20" rel="noopener noreferrer nofollow">reiterating</a> that $70,000 could emerge as the next major BTC price support level if selling pressure continues.
<h2 id="bitcoin-etfs-flip-back-to-negative-territory">Bitcoin ETFs flip back to negative territory</h2>
The latest wave of withdrawals has pushed US spot Bitcoin ETFs back into negative territory for the year, reversing <a href="https://cointelegraph.com/news/bitcoin-etf-inflows-471-million-highest-since-february" rel="noopener noreferrer nofollow">strong inflows seen earlier</a> in 2026.
US spot Bitcoin ETFs now show about $596 million in net outflows year to date <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">according</a> to SoSoValue data, with May alone accounting for roughly $2.1 billion in withdrawals, the largest monthly outflows so far this year.
<img alt="BlackRock Bitcoin ETF sees near-record outflows as BTC dips below $75K" height="424" src="https://s3-images.ctmedia.io/media/content/pasted-image-1099.png" width="1648">
Monthly flows of US-listed spot Bitcoin ETFs. Source: SoSoValue
Although BlackRock’s IBIT saw near-record outflows on Wednesday, total daily withdrawals across US spot Bitcoin ETFs were still well below the worst day on record.
Related: <a href="https://cointelegraph.com/news/bitcoin-price-shrugs-13b-blackrock-etf-block-sale" rel="noopener noreferrer nofollow">Bitcoin price shrugs off $1.3B BlackRock ETF block sale</a>
According to Farside data, the sharpest sell-off was recorded on Nov. 13, 2025, when the funds recorded about $866.7 million in outflows, with losses spread across nearly all issuers.
<h2 id="analysts-warn-of-institutional-demand-shift-amid-strategy-cash-concerns">Analysts warn of institutional demand shift amid Strategy cash concerns</h2>
Outflows from US spot Bitcoin ETFs come as analysts warn of a potential shift in institutional Bitcoin demand, with some pointing to weakening support from key corporate buyers.
Much of that support is linked to Strategy, the largest publicly listed Bitcoin holder, according to crypto market intelligence platform 10x Research.
<img alt="BlackRock Bitcoin ETF sees near-record outflows as BTC dips below $75K" height="892" src="https://s3-images.ctmedia.io/media/content/pasted-image-1100.png" width="1308">
Source: <a href="https://x.com/10xResearch/status/2059451515715387634" rel="noopener noreferrer nofollow">10XResearch</a>
In an X post on Tuesday, 10x Research analysts said Strategy could face pressure within months if it needs to fund dividend obligations, raising the possibility it may no longer act as a steady source of Bitcoin demand.
Related: <a href="https://cointelegraph.com/news/strategy-repurchases-15b-notes-cuts-outstanding-debt-67b-2029" rel="noopener noreferrer nofollow">Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B</a>
Strategy co-founder Michael <a href="https://cointelegraph.com/news/strategy-mstr-michael-saylor-bitcoin-sell-statement-btc" rel="noopener noreferrer nofollow">Saylor raised the possibility of selling Bitcoin</a> in mid-May, saying that sticking too rigidly to a “never sell” approach could ultimately work against the very asset the company is built to accumulate and hold.
Magazine: <a href="https://cointelegraph-magazine.com/big-questions-do-we-really-only-need-2-5-cryptocurrencies-2/" rel="noopener noreferrer nofollow">Big Questions: Do we really only need 2–5 cryptocurrencies?</a>

BlackRock Bitcoin ETF sees near-record outflows as BTC dips below $75K

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