Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally. By Sam Reynolds | Edited by Shaurya Malwa Jun 2, 2026, 6:47 a.m. 1 min read Make preferred on What to know : U.S. spot bitcoin ETFs have logged a record 11 straight sessions of net outflows totaling about $3.45 billion as bitcoin’s price slid toward $70,000. The withdrawals, including $484 million in the latest session, coincide with strong risk appetite in AI and semiconductor stocks, underscored by a 6 percent gain in Nvidia. Strategy’s sale of 32 bitcoin, its first since 2022, and slowing ETF and corporate treasury accumulation suggest institutional demand that helped fuel bitcoin’s rally may be weakening. U.S. spot bitcoin ETFs have suffered their largest and longest withdrawal streak on record, with investors pulling roughly $3.45 billion across 11 consecutive trading sessions as bitcoin slid toward $70,000, according to data provider SoSoValue. The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day record set in February 2025. However, Wall Street's appetite for risk remains strong, with Nvidia up 6%, and other stocks linked to semiconductors and AI attracting the interest of investors. The latest session saw investors withdraw another $484 million from the funds, helping push down BTC's price by 4% during the Asian trading day. Meanwhile, Strategy (MSTR), the largest corporate holder of bitcoin, disclosed on Monday that it sold 32 BTC, worth roughly $2.5 million, to fund distributions on one of its preferred stock offerings. While the sale represented a tiny fraction of the company's holdings, it marked Strategy's first bitcoin sale since December 2022 and came after months of Executive Chairman Michael Saylor championing a buy-and-hold approach. The move also comes as other measures of institutional demand are beginning to weaken. In its most recent weekly report, CryptoQuant warned that bitcoin is increasingly becoming a market of holders rather than buyers. CryptoQuant noted that ETF and corporate treasury accumulation has slowed markedly in recent months, making the current record ETF withdrawal streak another sign that one of the primary sources of demand underpinning bitcoin's rally may be fading. Bitcoin News MicroStrategy More For You XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors By Shaurya Malwa 8 minutes ago XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure. What to know : XRP broke below the closely watched $1.30 support on heavy volume, extending a downtrend marked by lower highs and lower lows. More than 25 million XRP have moved off exchanges, hinting at accumulation, but rallies are still being sold and have not produced sustained price strength. Traders are watching support... Read full story Latest Crypto News XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors 8 minutes ago Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears 34 minutes ago Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto 1 hour ago Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts. 1 hour ago Crypto investment firm Keyrock is acquiring bankrupt lender Blockfills 10 hours ago Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows 12 hours ago Top Stories Strategy sparks panic with bitcoin sale, but analysts say it was 'immaterial' 15 hours ago Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin 14 hours ago Bitmine slows ether purchase pace, buying $53 million worth last week 17 hours ago Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket 16 hours ago