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BTCETFOutflowRecord: 13 Days. $4.33 Billion. The Longest Streak Since Launch.
Bitcoin ETFs just posted 13 consecutive days of net outflows — May 15 to June 3 — the longest withdrawal streak since spot products launched in January 2024. Total redemptions hit $4.33 billion and 59,351 BTC over that span, according to Galaxy Research. The 7-day and 10-day windows each set new all-time records for BTC removed from ETF products.
BlackRock's IBIT led the selling — accounting for roughly $2.04 billion of the streak, including a $527 million single-day exit on May 28 that came within half a million dollars of its own all-time record. A $1.29 billion IBIT dark-pool block pointed to institutional reallocation rather than retail panic. Grayscale's GBTC shed an additional $175 million in the final week alone.
Three things converged to produce the streak simultaneously. Hot inflation data — CPI at 3.8%, PPI at 6%, PCE at 3.3% — killed rate cut expectations and made the risk-free rate increasingly competitive with volatility. AI semiconductor stocks delivered returns that made Bitcoin look comparatively sleepy: Dell up 88%, Micron up 700% YTD, Marvell up 32% in a single day. And Strategy's 32 BTC sale — the first since 2022 — cracked the "never sell" narrative that had been a psychological anchor for institutional holders.
BTC dropped to $65,000 — its lowest since April. Ethereum fell through $2,000 for the first time in months. Total crypto market cap fell to $2.3 trillion from $4.28 trillion at the October 2025 peak.
The cumulative net inflow across the Bitcoin ETF complex is still $55.79 billion. The structure didn't break. But 13 days and $4.33 billion is a real signal — and the June 16-17 FOMC meeting is now the next catalyst that matters.
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