# Bitcoin ETFs are hemorrhaging money and a huge options expiry looms — brace for more downside

_AI-generated trading idea · SHORT · BTC, SOL_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-etfs-are-hemorrhaging-money-and-a-huge-options-expir--0fb8cf1a-36a2-483d-8db0-30fdea648e7f

Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — the longest selling streak since these funds launched. At the same time, a massive $9 billion in Bitcoin options contracts are expiring Friday, giving professional traders incentive to push the price down further.

## Idea

Nine consecutive days of ETF outflows totaling $2.8 billion is the worst institutional selling streak Bitcoin has ever seen. When big money pulls out this aggressively, it usually keeps going — institutions don't stop after one week. A $9 billion options expiry on Friday gives large traders a financial incentive to keep the price below $74,000 so their bets pay off. Altcoins like Solana are already crumbling (futures positions down 30% in May), which often signals more weakness ahead for Bitcoin itself. The path of least resistance is down until the ETF selling stops.

## Key details

- Symbols: BTC, SOL
- Timeframes: H4
- Tags: \#crypto, \#etf\_outflows, \#options\_expiry

## Community

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## News sources

- [US Bitcoin ETFs Bleed $2.8 Billion in Longest Outflow Streak](https://www.bloomberg.com/news/articles/2026-05-29/us-bitcoin-btc-etfs-bleed-2-8-billion-in-longest-outflow-streak) — Bloomberg
- [Bitcoin's trapped under $74K while $9B options expiry looms: Are bears back in control?](https://cointelegraph.com/markets/bitcoins-trapped-under-74k-while-9b-options-expiry-looms-are-bears-back-in-control) — Cointelegraph
- [Solana open interest drops 30% as altcoins slump: Is $68 SOL next?](https://cointelegraph.com/markets/solana-open-interest-drops-30-as-68-retest-comes-back-into-play) — Cointelegraph

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