U.S. spot Bitcoin ETFs posted their largest and longest withdrawal streak on record, with $3.45 billion pulled across 11 consecutive sessions ending June 2. Bitcoin plunged below $66,000 for the first time since April as institutional capital rotated into an AI-driven equities rally pushing global stocks to all-time highs.
U.S. spot Bitcoin ETFs posted their largest and longest withdrawal streak on record, with $3.45 billion pulled across 11 consecutive sessions ending June 2. Bitcoin plunged below $66,000 for the first time since April as institutional capital rotated into an AI-driven equities rally pushing global stocks to all-time highs.
U.S. spot Bitcoin ETFs have logged a record 11 consecutive sessions of net outflows totaling $3.45 billion, according to SoSoValue data cited by CoinDesk. The streak, which began May 15, surpassed the previous record of 8 consecutive days set in February 2025. The single worst day saw $1.1 billion exit the funds.
Bitcoin fell 6.4% to a 24-hour low of $65,708 on June 3, marking a 12.3% decline on the week. Ethereum broke below $1,900, and Solana's SOL fell 9% to $73.25. The MSCI All Country World Index set a fresh all-time high the same day, driven by semiconductors and AI.
The divergence between crypto and equities is the story. Global stocks hit fresh records on an AI rally — the Philadelphia Semiconductor Index rallied 6% to all-time highs — while Bitcoin suffered its worst institutional exodus since ETF launch. Charles Schwab analyst Jim Ferraioli noted that Bitcoin is 'losing its status as the market's dominant momentum trade' as capital rotates to AI, IPOs, and other momentum plays.
Strategy (MSTR) also disclosed its first Bitcoin sale since December 2022 — 32 BTC (~$2.5M) — adding a symbolic blow to the narrative. CryptoQuant warned that 'ETF and corporate treasury accumulation has slowed markedly,' suggesting the primary demand source behind Bitcoin's rally may be fading.
The Federal Reserve's June statement removed language about 'progress toward the 2% target,' with two voting members suggesting rate cuts could be pushed into 2027. The 10-year Treasury yield climbed 18 basis points to 4.82%, increasing the opportunity cost of holding non-yielding Bitcoin.
Ondo Finance launched Ondo Intelligent Portfolios, a new onchain product category delivering portfolios built on strategies developed by BlackRock for Ondo as single transferable tokens. Three tokens went live today — High Income, Diversified Growth, High Growth — with smart-contract-level rebalancing, available to eligible investors outside the US.
US spot bitcoin ETFs have swung to net inflows of roughly $320M for 2026 (Bloomberg tally; ~$349M per Askthetape) — the first positive year-to-date print since April — after investors added about $4.6B since Aug 19, erasing a $5.69B deficit accumulated by July 13. BlackRock's IBIT captured ~$1.02B over four sessions as Bitcoin rallied ~35% from ~$64,100 to an eight-month high of $87,265.
On Monday, Sept 21, the European Central Bank switched on Pontes, a platform linking distributed-ledger markets to the Eurosystem's TARGET Services so eligible banks and market infra providers can settle tokenized bonds and funds in central-bank money. Christine Lagarde announced the go-live at Friday's Eurogroup, calling it 'a digital euro made available for banks.' It lands three days after the SEC's Innovation Exemption opened onchain trading of tokenized US stocks — the institutional tokenization race is now transatlantic.