Crypto funds hemorrhaging billions, even Saylor is selling — short Bitcoin on institutional outflows
Investors pulled a record-breaking $1.67 billion out of crypto funds last week, led by US-based Bitcoin products. Even Michael Saylor's company, one of Bitcoin's biggest corporate cheerleaders, just sold some of its holdings.
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Crypto exchange-traded products just saw their biggest weekly outflow of 2026 — $1.67 billion in a single week — and the selling has been going on for three straight weeks. US investors are leading the charge to the exits, and it's hitting Bitcoin funds the hardest. Adding to the concern, Michael Saylor's Strategy, historically one of the most aggressive corporate buyers of Bitcoin, actually sold some of its coins. When the biggest buyers start selling and funds are bleeding at record pace, it usually means more downside is ahead before a bottom forms. This is a move aligned with the institutional crowd heading for the door.
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News sources
- Michael Saylor's Strategy sells 32 bitcoin for $2.5 million as total holdings drop to 843,706 BTC — The Block
- Bitcoin ETPs post largest 2026 outflow as crypto funds bleed $1.67B — Cointelegraph
- US-based funds drive $1.7B in global crypto ETP outflows as redemption streak extends to three weeks: CoinShares — The Block