Bitcoin ETF sets record with "9 consecutive days of net outflows," losing $2.8 billion! Funds switch to AI semiconductors, analyst: Is the bottom near?

Has Bitcoin fallen out of favor? Funds are rushing into AI!
According to the latest data, the U.S. Bitcoin spot ETF has experienced nine consecutive days of net outflows, totaling $2.8 billion in withdrawals, marking the longest bleeding streak since its listing in early 2024.
As Bitcoin's price slid from $80k to $73k, institutional funds are clearly accelerating their shift into hot semiconductor and AI concept stocks. However, on-chain data analysis also offers a glimmer of hope: historical experience shows that when ETFs undergo such sustained selling, it often signals a "phase bottom" for Bitcoin.
(Background: Today, large options expirations for Bitcoin and Ethereum! BTC is below the key pain point of $75k)
(Additional context: CryptoQuant warns that a bear market is coming: Bitcoin holdings are breaking down, whales are pulling back, and buyers are reducing their positions significantly)

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• $2.8 billion evaporated in just nine days, monthly losses exceed $2.3 billion
• Funds shifting: AI and semiconductors become powerful "vampires"
• Opportunities born from despair? Continued selling pressure may be a "partial bottom" signal

Investors in the Bitcoin spot ETF are experiencing the longest confidence test since its launch.

According to CoinDesk’s report today (May 29, 2026), tracking data from SoSoValue shows that the U.S. Bitcoin spot ETF has experienced 9 consecutive trading days of net outflows, breaking the record for the longest continuous withdrawals since its product launched in January 2024.

$2.8 billion evaporated in just nine days, with monthly losses surpassing $2.3 billion

The scale of this withdrawal wave is quite astonishing. During these nine days of continuous selling pressure, investors withdrew approximately $2.8 billion. Over the longer term, ETF outflows this week alone amount to about $1.3 billion, marking the third consecutive week of net outflows and pushing the total for May to $2.3 billion.

Alongside this massive fund exodus, Bitcoin’s price has also been weak. During this period, Bitcoin (BTC) has tumbled from a high of $80,000 and is now hovering around $73,000.

Funds shifting: AI and semiconductors become powerful "vampires"

Where are the funds going? The answer is the hottest sectors in the U.S. stock market right now — Artificial Intelligence (AI) and semiconductors.

The report notes that Bitcoin’s performance this year has significantly lagged behind many traditional market favorites. As global tech giants continue to increase capital expenditure on AI infrastructure, semiconductor and memory chip stocks have shown strong capital attraction, forcing some institutional investors to readjust their asset allocations.

Signs of institutional retreat are also reflected in flagship products. The iShares Bitcoin Trust (IBIT) issued by BlackRock experienced its largest single-day outflow since launch this week. It is reported that this was mainly driven by a large "dark pool transaction" worth billions of dollars. Although the true motivation behind this remains unclear, such a massive scale strongly suggests that institutions are pulling funds out of the crypto market and reallocating into the recently surging AI sector.

Opportunities born from despair? Continued selling pressure may be a "partial bottom" signal

Despite seemingly bleak data on the funds front, for steadfast crypto believers, this might be a turning point.

CoinDesk cites analysis from the well-known blockchain data platform Glassnode. Historical experience indicates that when ETFs experience sustained large-scale fund outflows (especially when observing the 14-day moving average of ETF fund flows reaching lows), market pressure has often reached its limit and is usually associated with a "local bottom" for Bitcoin. For example:

• In early February this year, during a market correction when Bitcoin dropped near $60,000, intense fund outflows were followed by a rebound.
• After Bitcoin hit a high last November and retraced, approaching a local low of around $85,000, ETF outflows also accelerated significantly.

In summary, this record-breaking $2.8 billion outflow reflects Bitcoin’s short-term weakness amid fierce competition from traditional tech stocks; however, from a historical cycle perspective, when market sentiment and ETF selling pressure reach their peak, a stage-wise major rebound could be imminent.