Bitcoin ETFs Shed $4.33B in 13-Day Record Outflow

• U.S. spot Bitcoin ETFs saw $4.33 billion in outflows over a 13-day streak, the most prolonged redemption run since their January 2024 launch.
• Persistent selling pushed Bitcoin below $70,000 and cut ETF assets by $21 billion, with further declines across other crypto ETFs.

On June 4, 2026, CoinDesk reported that U.S. spot Bitcoin ETFs faced 13 consecutive trading sessions of net outflows between May 15 and June 3, totaling $4.33 billion (59,351 BTC) in withdrawals. This marks the longest and most intense period of redemptions since these funds debuted earlier in 2024. The outflows were led by BlackRock’s IBIT and Fidelity’s FBTC, with IBIT losing more than $528 million on May 27 and another $342 million on June 3, according to Cryptopolitan.

The selling pressure extended to company treasuries, as Strategy (formerly MicroStrategy) executed its first Bitcoin sale since 2022, selling 32 BTC. Although this amount was small relative to its holdings, the move triggered a sharp drop in Strategy’s stock price, as noted by CoinDesk.

Portfolio withdrawals and lower ETF participation drove assets under management down by over $21 billion in the three weeks ending June 3. ETFs now account for roughly 6.36% of Bitcoin’s circulating market cap, down from more than 7% in mid-May. These asset outflows coincided with Bitcoin’s price falling below $70,000 and reaching a four-month low of $63,000.

Investor sentiment shifted over the outflow streak, with filings showing large managers such as Jane Street reducing Bitcoin ETF holdings while rotating capital into Ether ETFs. Others, like Goldman Sachs, incrementally increased allocations. Parallel outflows hit Ether, Solana, and XRP ETFs, with BlackRock's ETHA and Bitwise's BSOL leading losses in their respective categories.

Despite broad redemptions, some new products like Hyperliquid’s HYPE ETF attracted modest inflows, indicating selective buying interest amid sector-wide selling. Options activity surged, with heightened volatility and open interest reflecting leveraged bets on a potential Bitcoin bounce even as spot demand weakened (CoinDesk, June 2, 2026).

Institutional investors redirected capital into outperforming sectors such as AI equities, contributing to lackluster crypto returns and increasing the opportunity cost of holding digital assets. Analysts cited by Business Insider and CoinDesk caution that unless a clear market catalyst emerges, persistent ETF redemptions and renewed corporate sales may drive deeper price corrections.

As of June 4, 2026, 17:09 UTC, Bitcoin (BTC) traded at $63,429.08, down 3.45% in 24 hours. Ethereum (ETH) was at $1,769.33, a 2.65% decrease. Solana (SOL) traded at $69.37, down 4.29%, while XRP stood at $1.17 following a 3.66% decline. Hyperliquid (HYPE) reached $68.40, down 5.30%.

Sources: CoinDesk, June 4, 2026; Cryptopolitan, May 28, 2026; CoinDesk, June 2, 2026; Business Insider, June 2, 2026.