BlackRock’s Bitcoin ETF (exchange-traded) recorded its second biggest daily outflow ever as US Bitcoin funds redeemed their holdings for the eighth consecutive day during a dramatic drop of Bitcoin to under $75,000.
BlackRock’s iShares Bitcoin Trust saw net withdrawals of $527.8 millions on Wednesday. This helped push the total US spot Bitcoin ETFs withdrawls for the day to $733.4 Million. according Farside Investors data.
IBIT has suffered the second largest loss per day since its launch. The fund lost $528.3 Million on Jan. 30 2026, which was a record.
The recent pullback continued a string of eight trading days in a row of net withdrawals of US listed spot Bitcoin ETFs. Cumulative withdrawals totaled approximately $2.6 Billion over that period.
Analysts at CryptoQuant say that several indicators are pointing to a weakening of Bitcoin demand. reiterating If selling pressure persists, $70,000 may become the next significant BTC support level.
Bitcoin ETFs flip back to negative territory
Since the beginning of this year, US Bitcoin ETFs are in a negative position. strong inflows seen earlier By 2026.
US Bitcoin ETFs have now seen a net loss of $596 Million in the past year. according According to SoSoValue, May’s withdrawals of $2.1 billion alone are the highest monthly amounts so far in this year.
Source: SoSoValue Source: SoSoValue
The total withdrawals from US Bitcoin ETFs, including BlackRock’s IBIT, were well below their worst-ever day.
Related: Bitcoin price shrugs off $1.3B BlackRock ETF block sale
Farside Data shows the most dramatic selloff took place on Nov. 13 2025. Funds recorded outflows of $866.7 millions, and losses were spread among nearly all issuers.
Analysts alert to shift in demand among institutional buyers amid Strategy Cash Concerns
Analysts warn that institutional Bitcoin demand may be shifting, and some point to a weakening of support by key corporate purchasers.
According to 10x Research, the crypto market intelligence platform, a large part of this support comes from Strategy, which is the largest Bitcoin-holder publicly listed.
Source: 10XResearch
According to a post made on X Tuesday by 10x Research, Strategy may face financial pressure in the coming months if they need to meet dividend payments. This could mean that Bitcoin demand will be affected as it is no longer able provide a constant source.
Related: Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B
Strategy co-founder Michael Saylor raised the possibility of selling Bitcoin In mid-May, I said that adhering too rigidly a “never sell” Approaches that are based on a business model aimed at accumulating and holding assets could end up working against what the company was built for.
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Source: cointelegraph.com
