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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.
Jun 2, 2026, 6:47 a.m. 1 min read
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.
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.
