US Spot Bitcoin ETFs See $4.4B Outflows Over 13 Sessions, BlackRock And Fidelity Lead

US spot bitcoin exchange-traded funds saw withdrawals totaling roughly $4.4 billion across 13 consecutive trading sessions from May 15 to June 3, 2026, according to MetaMask’s digital assets markets recap.

“Bitcoin near $60,000 today vs February: Institutional sentiment has flipped Bitcoin’s return to $60,000 is drawing heavy ETF outflows, marking a sharp reversal from February when institutional selling eased into the dip”

@coindesk

The sequence ended with a modest net inflow of about $3 million on June 4, while total assets under management in US spot bitcoin ETFs declined from approximately $104.29 billion to $82.83 billion.

@coindesk

On June 3, the complex recorded $396.6 million in net outflows, with BlackRock’s IBIT contributing $342.34 million and Fidelity’s FBTC contributing $54.26 million.

CoinDesk said bitcoin was back to trading at levels seen in early February, with BTC at $61,908.66 as of writing, while ETF flows showed institutions “aggressively selling into the dip.”

CoinDesk contrasted the current selloff with February, saying that when BTC crashed to nearly $60,000 in early February, ETFs “bled just $318 million.”

It added that outflows have accelerated for four consecutive weeks, rising from $1 billion in the week ended May 15 to $1.26 billion and $1.42 billion in the following two weeks, and most recently $1.72 billion.

@coindesk

CoinDesk also said the 11 U.S.-listed spot bitcoin ETFs saw net outflows of $1.72 billion last week, described as the largest single-week redemption in over a year, citing data source SoSoValue.

Crowdfund Insider framed the broader period as a shift in ETF dynamics, noting that the streak of net redemptions “marks a shift in dynamics for these investment vehicles” and that the sequence ended with a modest inflow on June 4.

Crowdfund Insider said the simultaneous outflows from Ethereum, Solana, and XRP ETFs framed the episode as part of a wider crypto-asset risk adjustment rather than an isolated bitcoin event.

It also said attention turns to “the character of future flows—whether concentrated or dispersed—and how Bitcoin absorbs selling pressure,” after a sustained redemption wave.

CoinDesk quoted NYDIG’s head of research Greg Cipolaro saying multiple headwinds are weighing on bitcoin’s price, and it listed “sanctions on Iranian crypto exchanges” among the factors.

CoinDesk further said bitcoin’s weakness stems from multiple converging headwinds rather than a single catalyst, attributing that view to NYDIG’s Greg Cipolaro in a report.