Bitcoin ETF Outflows Hit $4.4B in 13-Day Record as Price Drops Below $63,000

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Bitcoin ETF Outflows Hit $4.4B in 13-Day Record as Price Drops Below $63,000 — Image source: Unblock Media

US-listed spot Bitcoin ETFs recorded 13 consecutive days of net outflows totaling $4.4 billion.
Bitcoin price fell about 21% since mid-May, marking its lowest level since February.

On June 5, 2026 (UTC), CoinDesk reported that U.S.-listed spot Bitcoin ETFs experienced a record streak of net outflows, with withdrawals spanning 13 consecutive trading days and totaling approximately $4.4 billion. This extended sell-off is now the largest outflow period since the launch of these ETFs, surpassing the previous eight-day, $3.2 billion drawdown seen in February 2025.

BlackRock’s iShares Bitcoin Trust (IBIT) led the wave of withdrawals, posting $3.3 billion in net outflows. Fidelity’s FBTC and Grayscale’s GBTC followed with substantial declines, highlighting widespread market pressure across the major Bitcoin ETF products.

Analysts are split on the reasons behind the sell-off. Some point to an overall drop in institutional demand, driven by renewed interest in AI stocks and the SpaceX IPO. Others cite derivatives liquidations, modest corporate selling from Strategy Inc., and rising macroeconomic uncertainty linked to global tensions.

Bitcoin’s price has dropped about 21% since mid-May, falling below $63,000 for the first time since February. The ETF outflows occurred in tandem with the price decline, underscoring a clear relationship between investment flows and market movement.

Despite heavy withdrawals and price volatility, ETF holdings appeared structurally more resilient than in previous sell-off periods. Ongoing institutional accumulation offered some support to the market and mitigated the risk of deeper corrections.

The 13-day streak is the longest outflow period on record for spot Bitcoin ETFs, with volatility expected to continue. Market participants identified $60,000 and $50,000 as likely technical support levels in the near term.

As of June 5, 2026, 07:09 UTC, Bitcoin (BTC) is trading at $61,546.75, showing a 3.48% decrease in 24-hour trading volume, according to CoinMarketCap.