Bitcoin investors yanked $635 million from spot ETFs in a day. Here's what it means for price
Key takeaways
- A key tailwind that supposedly powered bitcoin's recent rise above $80,000 appears to be fading.
- The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs), which pulled in $3.29 billion in investor money through March and April, are now leaking funds.
- On Wednesday, investors yanked $635 million from these funds, the highest single-day net outflow since Jan. 29, according to data source SoSoValue.
Here's what it means for price. The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average.By Omkar Godbole May 14, 2026, 6:08 a.m. 2 min read Make preferred on Bitcoin ETFs bleed over $600 million in a single day. (sergeitokmakov/Pixabay)What to know: Investors have pulled about $1.26 billion from U.S. spot bitcoin ETFs over the past five trading days, including a single-day outflow of $635 million on Wednesday, the largest since late January.Bitcoin’s rally has stalled below its 200-day moving average near $82,000, with the price slipping to around $79,400 as renewed U.S. inflation concerns weigh on the market.The once-tight link between ETF flows and bitcoin’s price has weakened, correlation study shows. A key tailwind that supposedly powered bitcoin's recent rise above $80,000 appears to be fading.
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs), which pulled in $3.29 billion in investor money through March and April, are now leaking funds. And sizeable ones at that.
On Wednesday, investors yanked $635 million from these funds, the highest single-day net outflow since Jan. 29, according to data source SoSoValue. It wasn't an isolated event either. Over the past five trading days, the ETFs have bled a total of $1.26 billion, pulling total net inflows since debut in January 2024 down to $58.5 billion from $59.76 billion a week ago.