Bitcoin ETFs see record $4.4B outflows over 13 days, hitting longest withdrawal streak amid price drop.

Bitcoin ETFs experienced a historic $4.4 billion in outflows over 13 consecutive trading days, marking the longest withdrawal streak on record. Major funds like BlackRock's iShares Bitcoin Trust led redemptions with $3.3 billion withdrawn, while Fidelity and Grayscale also saw significant outflows. This selling pressure coincided with Bitcoin's price dropping nearly 20% to around $62,400. Analysts suggest that the outflows are driven by early holders and leveraged positions rather than institutional selling, indicating a shift in ownership from early adopters and miners to institutional investors, which may cause temporary market volatility but reflects a redistribution toward long-term holders.