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.
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.
