Outflows from spot Bitcoin exchange-traded funds (ETFs) in the US for eight consecutive days led to a significant selling pressure in the market. iShares Bitcoin Trust (IBIT), BlackRock’s spot Bitcoin ETF, suffered its second-biggest daily loss since its inception on Wednesday, with a net outflow of $527.8 million.
According to Farside Investors data, there was a total outflow of $733.4 million from US-based spot Bitcoin ETFs on the same day. These rates indicate that the amounts entering the funds since the beginning of the year reversed in May.
Going Negative for the First Time on a Yearly Basis
The eight-day continuous streak of outflows in US spot Bitcoin ETFs has reached a total of approximately $2.6 billion. In May alone, net outflows approached 2.1 billion dollars, the highest monthly figure of the year so far. According to SoSoValue data, net fund movement in US spot Bitcoin ETFs since the beginning of 2026 is $596 million short.
The outflow of approximately $528.3 million recorded in BlackRock’s IBIT fund in January 2026 remains current as the largest daily loss; The latest jump barely left this level behind.
According to Farside data, the sharpest single-day outflow in all funds occurred on November 13, 2025 and reached a total of 866.7 million dollars.
| History | Total Daily Output ($) | Largest Loss of Funds ($) |
|---|---|---|
| November 13, 2025 | 866.7 million | all common |
| January 30, 2026 | 528.3 million | BlackRock IBIT |
| May 22, 2026 | 733.4 million | 527.8 million (IBIT) |
Market Pressure and Technical Developments
It was noteworthy that these outflows in the crypto market coincided with the Bitcoin price falling below 75 thousand dollars. According to analysts, it is considered that 70 thousand dollars may stand out as an important support level due to the increasing sales wave.
CryptoQuant team emphasized that Bitcoin may enter a risky area if the selling pressure continues. Based on such data, many institutions closely monitor the effects of investor withdrawals in Bitcoin ETFs on the price.
Demand Risk and Strategy Management Concern in Institutions
Analysts note that withdrawals from US spot Bitcoin ETFs could indicate a change in institutional demand. Opinions stand out that there is a weakening in the support of especially large corporate buyers.
One of the prominent names at this point was Strategy, which has the largest publicly traded Bitcoin portfolio. 10x Research pointed out that Strategy may have to sell Bitcoin in the coming months to meet its dividend obligations.
Michael Saylor, one of the founders of the company, also emphasized that the “never sell” approach could cause harm in the long term and signaled that this attitude may be relaxed.
Mini dictionary: Strategy is a financial technology company that owns the most Bitcoin among publicly traded companies and stands out with its Bitcoin-focused corporate strategies. The relationship of the company’s share price and financial liabilities to its Bitcoin assets is considered an important indicator for the crypto market.
10x Research stated that if Strategy has difficulty finding resources for dividend payments, the company may abandon its fixed purchase approach, which could cause a serious change in institutional Bitcoin demand.
