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....
Key takeaways
- 1U.S. spot bitcoin ETFs experienced record 11-day outflow streak totaling $3.45 billion as bitcoin fell toward $70,000.
- 2MicroStrategy sold 32 bitcoin worth $2.5 million, its first sale since December 2022, signaling weakening institutional demand.
- 3Investor capital is rotating from bitcoin to AI and semiconductor stocks, with Nvidia gaining 6% during the withdrawal period.
Coins in this story
Why it matters
This marks a potential shift in retail and institutional sentiment toward crypto as risk appetite favors AI equities. For Indian investors, this signals bitcoin's bull run may face headwinds from rotating capital, requiring cautious portfolio positioning in crypto holdings.
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
Mt. Gox transferred 10,422 bitcoin ($739 million) to new wallets Tuesday, the largest move in months ahead of October 31, 2026 repayment deadline. The defunct exchange still holds $2.43 billion in bitcoin across roughly 34,500 coins. Creditor distributions could pressure markets, especially since many claim coins bought before the 2014 collapse and face substantial capital gains tax implications for Indian investors.
Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto
Bitcoin slid to $70,000, marking its lowest level in weeks, as Strategy's first disclosed bitcoin sale of 32 coins weighed on sentiment. The $2.5 million divestment, while symbolically significant, reflects broader market caution with negative ETF flows and no clear bullish catalyst. Stocks paused near records while oil remained elevated amid U.S.-Iran tensions, pressuring risk assets across markets.