$2.8 billion fleeing Bitcoin ETFs while stocks hit records — ride the crypto selloff
Investors have pulled $2.8 billion from Bitcoin ETFs over nine straight days — the longest withdrawal streak ever. Bitcoin is stuck below $74,000 and hitting April lows even as the stock market sits at record highs.
Idea
Money is leaving Bitcoin at a record pace — $2.8 billion in nine straight days of ETF outflows is the worst streak since these funds launched. Normally Bitcoin and stocks move together, but right now they're telling completely different stories: the S&P 500 is at all-time highs while Bitcoin slides to April lows. That kind of divergence usually means big investors are rotating out of crypto and into the AI and tech stocks that are actually driving the stock-market rally. With a massive $9 billion options expiry adding pressure and Bitcoin failing to hold $83,000 earlier this month, the path of least resistance looks lower until the selling exhausts itself.