- BlackRock ETF investors dumped Bitcoin as weekly crypto outflows accelerated dramatically.
- Bitcoin ETFs lost billion-dollar inflows while institutional sentiment weakened across markets.
- Bitcoin declined below $82,000 as liquidations surpassed $500 million marketwide.
BlackRock’s IBIT ETF recorded major Bitcoin selling activity this week as investors pulled nearly $317 million from the fund, according to Arkham Intelligence data. The withdrawals added pressure across the broader crypto market and contributed to almost $1 billion in weekly Bitcoin ETF outflows.
The latest selling activity increased concerns surrounding institutional demand as Bitcoin struggled to maintain momentum above major resistance levels. Consequently, traders reduced exposure while volatility expanded across digital asset markets.
Also Read: Shiba Inu Nears Dangerous 82 Trillion Level as SHIB Selloff Fears Return
Bitcoin ETF Outflows End Six-Week Winning Streak
Data from SoSoValue showed that U.S. spot Bitcoin ETFs ended May 15 with combined net outflows totaling around $290 million. None of the 12 approved Bitcoin ETFs recorded positive inflows during the trading session, highlighting weakening institutional demand.
Moreover, the latest losses officially ended a six-week inflow streak that previously attracted approximately $3.4 billion into Bitcoin investment products. Market sentiment deteriorated steadily throughout the week as investors reduced exposure during rising volatility.
BlackRock still maintains a substantial Bitcoin position despite the recent selling activity. Reports showed the asset manager currently holds nearly $64.34 billion worth of BTC acquired at an estimated average price of $83,200.
Investor withdrawals accelerated significantly during the middle of the week. Monday initially brought limited optimism after Bitcoin ETFs registered modest inflows of $27.29 million. However, sentiment weakened quickly on Tuesday when investors removed $233.25 million from the products.
Conditions worsened further on Wednesday after spot Bitcoin ETFs suffered their largest single-day outflow of the week. Investors pulled approximately $635.23 million during the session, increasing concerns surrounding institutional participation within crypto markets.
Although Thursday delivered temporary relief with $131.31 million in inflows, the recovery failed to hold. Another $290.42 million exited Bitcoin ETFs on Friday, sealing the market’s nearly billion-dollar weekly loss.
Bitcoin Decline Sparks Heavy Liquidations
At the same time, Bitcoin prices moved lower as broader market pressure intensified across digital assets. According to CoinMarketCap data Bitcoin declined 3.2% during the previous 24 hours after losing momentum above the $82,000 level.
The decline pushed Bitcoin back toward the $78,000 range and triggered massive liquidations among bullish traders. Reports indicated that leveraged positions suffered losses exceeding $500 million during the latest market correction.
Meanwhile, Ethereum ETFs also extended their negative trend. U.S. spot Ethereum ETFs recorded $65.65 million in net outflows on May 15, marking their fifth consecutive trading session of withdrawals.
Institutional selling pressure intensified throughout the week as Bitcoin ETFs recorded substantial withdrawals led by BlackRock-linked investors. Consequently, traders now continue monitoring ETF flows closely while Bitcoin attempts to stabilize above critical support levels.
Also Read: Shiba Inu Nears Dangerous 82 Trillion Level as SHIB Selloff Fears Return
